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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spencerville at 314 N Pearl St, Spencerville, OH, 45887 at $180,000 posts ROI 25.1% with $258/mo cash flow from $1,442/mo rent. Total monthly income equals $1,442/mo, and annual cash flow records $3,096/yr on $59,670 to close. Return on cash invested measures 25.1% and rental yield reads 9.61% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 131.17% and total cumulative return in cash totals $78,269.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,442/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
10,164 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45887, Spencerville, OH area.
| 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 |
Residential
1,831
Single Family
1,794
Multi-Family
37
Businesses
104
Date | Event | Price |
|---|---|---|
| 2015-11-10 | Sold | $82,000 |
| 1994-12-14 | Sold | $3,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-03 | $853.15 | 13.99% | $25,170 | 22.07% |
| 2023-09-03 | $748.43 | -0.26% | $20,620 | N/A |
| 2022-09-03 | $750.36 | 0.80% | $20,620 | N/A |
Listed by: Angie Clark • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #308129
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.
