3390 Spence RdNew CarlisleOH45344
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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 New Carlisle at 3390 Spence Rd, New Carlisle, OH, 45344 offers a 8.71% rental yield on a $275,000 purchase with $1,997/mo rent. Total monthly income registers $1,997/mo, and a $1,346/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,257/yr on $91,163 to close, and return on cash invested stands at 22.38% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 116.68% and total cumulative return in cash at $106,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45344, New Carlisle, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,988 (100%) |
| Owner Occupied HU | 5,167 (73.9%) |
| Renter Occupied HU | 1,426 (20.4%) |
| Vacant Housing Units | 395 ( 5.7%) |
| Median Home Value | $176,764 |
| Average Home Value | $234,341 |
Housing Distribution
Address Breakdown
Residential
6,926
Single Family
6,651
Multi-Family
275
Businesses
319
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Listed by: Amy Agresta • Howard Hanna Real Estate Serv
Mls Name: DABR MLS
Mls ID: #939829