Area: Approximately 1,096 sq. ft.Closing/Title Company: Total
TitleCondition: Turnkey — no repairs reported needed PROPERTY
FEATURESRemodeled kitchen and bathroomNewer roofNewer siding
and windowsFurnace and central airNewer water heaterDetached 2-car garage with workshop
Fenced backyardBasement for additional storageExisting low-interest mortgage at 2.99%A great opportunity for investors seeking a rental-ready home with a low existing monthly mortgage payment and potential long-term rental income. COMPARABLE SOLD PROPERTIESRecent sales in Springfield ZIP code 45503 provide market reference points. Properties may differ in condition, location, size and features, so independent valuation is recommended.3221 Planters Grv, Springfield, OH — Reported sale: $218,000; 2 bed / 2 bath; approximately 1,365 sq. ft.1186 Old Farm Ln, Springfield, OH — Reported sale: $221,000; 2 bed / 2 bath; approximately 1,365 sq. ft.4931 Bosart Rd, Springfield, OH — Reported sale: $200,000; 2 bed / 1 bath; approximately 1,040 sq. ft.1537 Greenwood Ave, Springfield, OH — Reported sale: $192,500; 2 bed / 2 bath; approximately 862 sq. ft.2323 Beatrice St, Springfield, OH — Reported sale: $190,000; 2 bed / 2 bath; approximately 1,116 sq. ft.Comp research: Springfield sold homes | Zillow sold listingsThese are neighborhood references, not a guaranteed ARV for the subject property. SECTION 8 RENTAL OPPORTUNITYTarget tenant strategy: Housing Choice Voucher (Section 8)Springfield Housing Authority's published schedule lists a $1,323 monthly reference amount for a two-bedroom voucher, effective October 1, 2026. This is not guaranteed rent for this property. Actual approved rent depends on payment standards, utility allowances, rent reasonableness and property inspection. Illustrative Rental Income ScenariosMonthly Rent Monthly PITI Gross Monthly Spread$1,200 $774.26 $425.74$1,323 $774.26 $548.74$1,400 $774.26 $625.74At the $1,323 scenario:Gross monthly rental income: $1,323Existing monthly PITI: $774.26Gross monthly spread: $548.74Gross annual spread: $6,584.88The $1,400 scenario is an illustrative upside case, not a verified voucher-approved rent.Source: Springfield Housing Authority — Section 8Spreads are before vacancy, repairs, capital expenditures, property management, utilities and other operating expenses. WHY THIS DEAL STANDS OUT $18,000 entry price Turnkey condition — no repairs reported needed Existing 2.99% mortgage interest rate Approximately $774 monthly PITI Potential Section 8 rental strategy Detached 2-car garage and workshop Remodeled interior and newer major systems Potential long-term buy-and-hold opportunity INVESTOR INQUIRIESSerious investors only. Contact us for additional property information, mortgage details and closing documentation.Transaction structure: Subject-to the existing mortgage. The loan is not represented as formally assumed, and the seller may remain personally liable. The lender may have due-on-sale rights. Buyers should verify the mortgage, title, property condition, rental figures and transaction terms before closing.Title Company: Total Title
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Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $200,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $134,000.