324 W Elm 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
Investment property for sale in Spencerville at 324 W Elm St, Spencerville, OH, 45887 uses $54,664 cash to close to unlock $5,189/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $807/mo payment keeps the spread at $432/mo. Purchase price stands at $164,900, and rental yield measures 11.04% with $1,517/mo rent. Return on cash invested shows 29.4% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 154.31% and total cumulative return in cash records $84,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.49 Acres 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: Kassandra Gilbert • Closing Time Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1036222
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.