836 E Northern AveSpringfieldOH45503
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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 836 E Northern Ave, Springfield, OH, 45503 priced at $144,900 converts $1,426/mo rent into $473/mo cash flow after a $709/mo obligation. Total monthly income equals $1,426/mo, and annual cash flow totals $5,677/yr on $48,034 invested. Return on cash invested prints 31.73% in year one, and rental yield reads 11.81% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 166.83% and total cumulative return in cash sums $80,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,426/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No 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: Tina Bleything • Roost Real Estate Co.
Mls Name: WRIST
Mls ID: #1040769