305 N Broadway StSpencervilleOH45887
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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 305 N Broadway St, Spencerville, OH, 45887 priced at $215,000 converts $1,320/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,320/mo. Return on cash invested prints 18.33% in year one, and rental yield reads 7.37% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 94.94% and total cumulative return in cash sums $67,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
9,765 sqft 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: Tim Stanford • Superior Plus Realtors
Mls Name: WCAR OH
Mls ID: #309292