7646 N River RdSpringfieldOH45502
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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 7646 N River Rd, Springfield, OH, 45502 generates $2,648/mo in rent, after a $2,834/mo payment. Total monthly income is $2,648/mo. Return on cash invested sits at 12.75% in year one, and rental yield is 5.49% on a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 64.95% and total cumulative return in cash sums $123,715. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,648/mo property income rather than buyer’s personal income.
Single Family
Built in 1830
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45502, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,390 (100%) |
| Owner Occupied HU | 5,811 (78.6%) |
| Renter Occupied HU | 1,131 (15.3%) |
| Vacant Housing Units | 448 ( 6.1%) |
| Median Home Value | $248,385 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
7,031
Single Family
6,612
Multi-Family
419
Businesses
376
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Listed by: Brook Smith • Howard Hanna Real Estate Serv
Mls Name: DABR MLS
Mls ID: #936028