21409 Monticello Spencerville RdSpencervilleOH45887
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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 Spencerville at 21409 Monticello Spencerville Rd, Spencerville, OH, 45887 generates $2,836/mo in rent and, after a $1,321/mo payment, leaves $1,061/mo in cash flow. Total monthly income is $2,836/mo, and annual cash flow is $12,728/yr on $89,472 invested. Return on cash invested sits at 34.13% in year one, and rental yield is 12.61% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 179.63% and total cumulative return in cash sums $160,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,836/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45887, Spencerville, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,831
Single Family
1,794
Multi-Family
37
Businesses
104
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Listed by: Chester Straley • Straley Realty & Auctioneers- Van Wert
Mls Name: WCAR OH
Mls Provider:
Mls ID: #303213
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.