Spruce Plan, Melody ParksSpringfieldOH45505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spruce Plan, Melody Parks, Springfield, OH, 45505 priced at $296,990 converts $2,154/mo rent into $200/mo cash flow after a $1,454/mo obligation. Total monthly income equals $2,154/mo, and annual cash flow totals $2,401/yr on $98,452 invested. Return on cash invested prints 22.35% in year one, and rental yield reads 8.7% against a $296,990 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation compiles into $82,053 by year five. Five-year ROI reaches 116.47% and total cumulative return in cash sums $114,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $1,454/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Arbor Homes
Mls Name: Arbor Homes
Mls Provider:
Mls ID: #N/A