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
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 |
|---|---|---|
| 2024-08-30 | Price change | $195,000 |
| 2024-08-01 | Listed for sale | $199,900 |
| 2024-07-23 | Pending sale | $199,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $1367.60 | -2.12% | $29,050 | N/A |
| 2022-09-14 | $1397.26 | 22.83% | $29,050 | 25.00% |
| 2021-09-14 | $1137.52 | N/A | $23,240 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1900
- Architectural Style: N/A
- Building Area: 1,644
- Living Area: 1,644 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: Awning(s)
- Parking Features: Detached, Garage, Unpaved
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: Eric A Metzger • Howard Hanna
Mls Name: MLS Now
Mls ID: #5053719








