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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Spencerville at 21197 State Highway 116, Spencerville, OH, 45887 generates $0/mo in rent, after a $734/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.91% in year one, and rental yield is 0% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45887, Spencerville, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,955 (100%) |
| Owner Occupied HU | 1,484 (75.9%) |
| Renter Occupied HU | 338 (17.3%) |
| Vacant Housing Units | 133 ( 6.8%) |
| Median Home Value | $225,414 |
| Average Home Value | $282,835 |
Residential
1,831
Single Family
1,794
Multi-Family
37
Businesses
104
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Sarah Kill • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls ID: #308494
