8 N Center StSpringfieldOH45502
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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 8 N Center St, Springfield, OH, 45502 uses $102,599 cash to close to unlock $19,392/yr annual cash flow and $1,616/mo monthly cash flow. Total monthly income runs $3,767/mo, and a $1,515/mo payment keeps the spread at $1,616/mo. Purchase price stands at $309,500, and rental yield measures 14.61% with $3,767/mo rent. Return on cash invested shows 38.81% in year one, and 5% annual appreciation builds toward $85,509 over five years. Five-year ROI reaches 205.25% and total cumulative return in cash records $210,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,767/mo property income covering a $1,515/mo payment rather than investor’s personal income.
Condo
Built in 2022
1,001 sqft lot
$N/A/sqft
$115 monthly 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: Tamara Comer • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls Provider:
Mls ID: #914908
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