220 S Mulberry StSpencervilleOH45887
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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 Spencerville at 220 S Mulberry St, Spencerville, OH, 45887 priced at $135,500 pairs $1,070/mo rent with $179/mo cash flow after a $663/mo payment. Total monthly income equals $1,070/mo, and annual cash flow comes to $2,147/yr on $44,918 invested. Return on cash invested is 24.69% in year one, and rental yield stands at 9.48% on a $135,500 basis. Equity gained on principal adds $874/yr, and 5% annual appreciation accumulates to $37,436 by year five. Five-year ROI measures 128.96% and total cumulative return in cash reaches $57,926. For financing, Ziffy Mortgage’s DSCR program evaluates $1,070/mo property income against a $663/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.51 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: Kendall Schrader • Schrader Realty
Mls Name: WCAR OH
Mls ID: #307872