106 E Main StSpencerOH44275
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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 Spencer at 106 E Main St, Spencer, OH, 44275 priced at $185,000 converts $1,320/mo rent into $104/mo cash flow after a $905/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $1,243/yr on $61,328 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 8.56% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 114.26% and total cumulative return in cash sums $70,071. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $905/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
4,573 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44275, Spencer, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,322 (100%) |
| Owner Occupied HU | 1,090 (82.5%) |
| Renter Occupied HU | 169 (12.8%) |
| Vacant Housing Units | 63 ( 4.8%) |
| Median Home Value | $335,841 |
| Average Home Value | $413,530 |
Housing Distribution
Address Breakdown
Residential
1,216
Single Family
1,183
Multi-Family
33
Businesses
63
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-16 | Listed for sale | $185,000 |
| 2021-07-02 | Sold | $145,000 |
| 2011-08-02 | Listing removed | $170,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1900
- Architectural Style: N/A
- Building Area: 4,260
- Living Area: 4,260 sqft
- Property Condition: Fixer
Features & Amenities
- Heating: Gas
- Cooling: Other
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: On Site
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Hannah Pannetti • Keller Williams Citywide
Mls Name: MLS Now
Mls Provider:
Mls ID: #5094430
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