107 Jefferson StSpencerOH44275
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 Spencer at 107 Jefferson St, Spencer, OH, 44275 priced at $195,000 converts $1,320/mo rent into $38/mo cash flow after a $954/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $453/yr on $64,643 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 8.12% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 107.13% and total cumulative return in cash sums $69,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $954/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
2,430 sqft lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices