649 Cortland DrSpringfieldOH45505
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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 649 Cortland Dr, Springfield, OH, 45505 at $111,000 posts ROI 28.95% with $277/mo cash flow from $1,007/mo rent. Total monthly income equals $1,007/mo, and annual cash flow records $3,326/yr on $36,797 to close. Return on cash invested measures 28.95% and rental yield reads 10.89% at the current $111,000. Equity gained on principal adds $716/yr, and 5% annual appreciation supports $30,667 by year five. Five-year ROI prints 151.94% and total cumulative return in cash totals $55,910.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,007/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
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Listed by: V. Patrick Hamilton • RE/MAX Alliance Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1039244
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.