701 Hartford DrSpringfieldOH45503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 701 Hartford Dr, Springfield, OH, 45503 listed at $322,500 pairs $2,349/mo rent with a $1,578/mo payment to leave $228/mo cash flow. Total monthly income runs $2,349/mo, and annual cash flow reaches $2,737/yr on $106,909 cash to close. Return on cash invested measures 22.47% in year one, and rental yield registers 8.74% at a $322,500 basis. Equity gained on principal adds $2,081/yr, and annual property appreciation at 5% supports $89,101 by year five. Five-year ROI tracks 117.11% and total cumulative return in cash totals $125,204. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,349/mo property income relative to a $1,578/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.38 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamara Comer • Coldwell Banker Heritage
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225017853
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. Information is deemed reliable but not guaranteed.