647 Villa Rd APT ASpringfieldOH45503
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springfield at 647 Villa Rd APT A, Springfield, OH, 45503 offers a 13.61% rental yield on a $123,000 purchase with $1,395/mo rent. Total monthly income registers $1,395/mo, and a $602/mo payment leaves $343/mo available for distribution. Annual cash flow reaches $4,115/yr on $40,775 to close, and return on cash invested stands at 30% in year one. Equity gained on principal adds $794/yr while 5% annual appreciation supports $33,983 over five years. Portfolio math shows five-year ROI at 160.07% and total cumulative return in cash at $65,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,395/mo property income against a $602/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
6.13 Acres lot
$N/A/sqft
$243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
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Listed by: Doug Acton • Key Realty
Mls Name: DABR MLS
Mls Provider:
Mls ID: #936705
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.