775 E Southern AveSpringfieldOH45505
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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 775 E Southern Ave, Springfield, OH, 45505 at $114,900 posts ROI 23.8% with $124/mo cash flow from $879/mo rent. Total monthly income equals $879/mo, and annual cash flow records $1,483/yr on $38,089 to close. Return on cash invested measures 23.8% and rental yield reads 9.18% at the current $114,900. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 by year five. Five-year ROI prints 124.32% and total cumulative return in cash totals $47,354.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $879/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
6,534 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: Ryan William King • Real Estate II, Inc.
Mls Name: WRIST
Mls Provider:
Mls ID: #1041265
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.