202 Spencerville StHicksvilleOH43526
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 Hicksville at 202 Spencerville St, Hicksville, OH, 43526 priced at $189,000 converts $1,699/mo rent into $456/mo cash flow after a $925/mo obligation. Total monthly income equals $1,699/mo, and annual cash flow totals $5,470/yr on $62,654 invested. Return on cash invested prints 28.64% in year one, and rental yield reads 10.79% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 150.18% and total cumulative return in cash sums $94,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,699/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43526, Hicksville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,528 (100%) |
| Owner Occupied HU | 1,873 (74.1%) |
| Renter Occupied HU | 473 (18.7%) |
| Vacant Housing Units | 182 ( 7.2%) |
| Median Home Value | $153,798 |
| Average Home Value | $205,088 |
Housing Distribution
Address Breakdown
Residential
2,396
Single Family
2,372
Multi-Family
24
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darren Bok • United Edge Real Estate & Auct
Mls Name: NORIS
Mls ID: #6132665