804 Old Mill RdSpringfieldOH45506
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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 804 Old Mill Rd, Springfield, OH, 45506 offers $1,824/mo rent that, after a $1,610/mo payment. Total monthly income is $1,824/mo. Return on cash invested measures 16.17% in year one, and rental yield stands at 6.65% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 83.33% and total cumulative return in cash reaches $90,885. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,824/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
2.90 Acres lot
$N/A/sqft
No HOA
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Listed by: Scott Marvin • Team Results Realty
Mls Name: DABR MLS
Mls Provider:
Mls ID: #913943
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.