816 Brendle TrceSpringfieldOH45503
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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 816 Brendle Trce, Springfield, OH, 45503 listed at $228,500 pairs $1,692/mo rent with a $1,118/mo payment. Total monthly income runs $1,692/mo. Return on cash invested measures 18.87% in year one, and rental yield registers 8.89% at a $228,500 basis. Equity gained on principal adds $1,474/yr, and annual property appreciation at 5% supports $63,130 by year five. Five-year ROI tracks 99.29% and total cumulative return in cash totals $75,208. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,692/mo property income relative to a $1,118/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
8.29 Acres lot
$N/A/sqft
$255 monthly 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: Jamie S. Colyer • Coldwell Banker Heritage
Mls Name: WRIST
Mls Provider:
Mls ID: #1039110
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