729 E Northern AveSpringfieldOH45503
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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 729 E Northern Ave, Springfield, OH, 45503 priced at $107,000 converts $1,408/mo rent into $704/mo cash flow after a $524/mo obligation. Total monthly income equals $1,408/mo, and annual cash flow totals $8,447/yr on $35,471 invested. Return on cash invested prints 43.72% in year one, and rental yield reads 15.79% against a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation compiles into $29,562 by year five. Five-year ROI reaches 231.05% and total cumulative return in cash sums $81,954. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,408/mo property income covering a $524/mo payment, not borrower’s personal income.
Single Family
Built in 1926
5,662 sqft 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
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Listed by: Charlene Roberge • Lagonda Creek Real Estate, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1037056
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