724 Garfield AveSpringfieldOH45504
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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
Rental property for sale in Springfield at 724 Garfield Ave, Springfield, OH, 45504 priced at $178,800 pairs $1,106/mo rent with after a $875/mo payment. Total monthly income equals $1,106/mo. Return on cash invested is 18.49% in year one, and rental yield stands at 7.42% on a $178,800 basis. Equity gained on principal adds $1,154/yr, and 5% annual appreciation accumulates to $49,399 by year five. Five-year ROI measures 95.84% and total cumulative return in cash reaches $56,808. For financing, Ziffy Mortgage’s DSCR program evaluates $1,106/mo property income against a $875/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1891
4,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45504, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,503 (100%) |
| Owner Occupied HU | 4,536 (60.5%) |
| Renter Occupied HU | 2,132 (28.4%) |
| Vacant Housing Units | 835 (11.1%) |
| Median Home Value | $199,746 |
| Average Home Value | $236,193 |
Housing Distribution
Address Breakdown
Residential
7,054
Single Family
6,747
Multi-Family
307
Businesses
596
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Listed by: Angela Dom • Glasshouse Realty Group
Mls Name: DABR MLS
Mls Provider:
Mls ID: #934534
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.