3188 Spencer DrGenevaOH44041
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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 Geneva at 3188 Spencer Dr, Geneva, OH, 44041 offers a 9.32% rental yield on a $156,900 purchase with $1,219/mo rent. Total monthly income registers $1,219/mo, and a $768/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,243/yr on $52,012 to close, and return on cash invested stands at 24.22% in year one. Equity gained on principal adds $1,012/yr while 5% annual appreciation supports $43,349 over five years. Portfolio math shows five-year ROI at 126.5% and total cumulative return in cash at $65,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,219/mo property income against a $768/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44041, Geneva, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,989 (100%) |
| Owner Occupied HU | 4,219 (60.4%) |
| Renter Occupied HU | 1,495 (21.4%) |
| Vacant Housing Units | 1,275 (18.2%) |
| Median Home Value | $193,242 |
| Average Home Value | $251,361 |
Housing Distribution
Address Breakdown
Residential
6,176
Single Family
6,006
Multi-Family
170
Businesses
517
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