228 S Main StSpencerOH44275
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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
Investment property for sale in Spencer at 228 S Main St, Spencer, OH, 44275 listed at $185,000 pairs $1,320/mo rent with a $905/mo payment to leave $104/mo cash flow. Total monthly income runs $1,320/mo, and annual cash flow reaches $1,243/yr on $61,328 cash to close. Return on cash invested measures 21.94% in year one, and rental yield registers 8.56% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 114.26% and total cumulative return in cash totals $70,071. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,320/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44275, Spencer, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,322 (100%) |
| Owner Occupied HU | 1,090 (82.5%) |
| Renter Occupied HU | 169 (12.8%) |
| Vacant Housing Units | 63 ( 4.8%) |
| Median Home Value | $335,841 |
| Average Home Value | $413,530 |
Housing Distribution
Address Breakdown
Residential
1,216
Single Family
1,183
Multi-Family
33
Businesses
63
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Listed by: Vicki R Young • NextHome Next Stepp, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5092725
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