353 S Conant RdSpencervilleOH45887
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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 353 S Conant Rd, Spencerville, OH, 45887 priced at $610,000 converts $3,147/mo rent into after a $2,986/mo obligation. Total monthly income equals $3,147/mo. Return on cash invested prints 14.88% in year one, and rental yield reads 6.19% against a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation compiles into $168,532 by year five. Five-year ROI reaches 76.38% and total cumulative return in cash sums $153,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,147/mo property income covering a $2,986/mo payment, not borrower’s personal income.
Single Family
Built in 1975
4.23 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: Tyler McComb • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306466
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.