222 Spencer DrVan WertOH45891
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 Van Wert at 222 Spencer Dr, Van Wert, OH, 45891 priced at $144,000 pairs $3,000/mo rent with $2,053/mo cash flow after a $705/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $24,631/yr on $47,736 invested. Return on cash invested is 71.51% in year one, and rental yield stands at 25% on a $144,000 basis. Equity gained on principal adds $929/yr, and 5% annual appreciation accumulates to $39,785 by year five. Five-year ROI measures 380.1% and total cumulative return in cash reaches $181,446. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $705/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
4,860 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45891, Van Wert, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,012 (100%) |
| Owner Occupied HU | 4,579 (65.3%) |
| Renter Occupied HU | 1,860 (26.5%) |
| Vacant Housing Units | 573 ( 8.2%) |
| Median Home Value | $156,533 |
| Average Home Value | $189,951 |
Housing Distribution
Address Breakdown
Residential
6,672
Single Family
6,408
Multi-Family
264
Businesses
562
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Listed by: Karl (Joe) Bagley • Straley Realty & Auctioneers- Van Wert
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305182
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.