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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 Spencer at 405 N Main St, Spencer, OH, 44275 with 5% annual appreciation on a $374,800 basis while $1,320/mo rent supports operations. 85% in year one. Equity gained on principal adds $2,419/yr, and five-year appreciation sums $103,550 alongside rental yield of 4.23%. Five-year ROI measures 44.09% and total cumulative return in cash totals $54,780. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,320/mo property income versus a $1,834/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44275, Spencer, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,322 (100%) |
| Owner Occupied HU | 1,090 (82.5%) |
| Renter Occupied HU | 169 (12.8%) |
| Vacant Housing Units | 63 ( 4.8%) |
| Median Home Value | $335,841 |
| Average Home Value | $413,530 |
Residential
1,216
Single Family
1,183
Multi-Family
33
Businesses
63
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Price change | $374,800 |
| 2025-04-04 | Listed for sale | $394,800 |
| 2023-06-12 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-12 | $3590.20 | -2.13% | $78,010 | N/A |
| 2022-04-12 | $3668.20 | 8.26% | $78,010 | 10.00% |
| 2021-04-12 | $3388.44 | N/A | $70,920 | N/A |
Listed by: Barbara Wilson • Howard Hanna
Mls Name: MLS Now
Mls ID: #5112083
