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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 Spencerville at 407 Brett Ln, Spencerville, OH, 45887 offers a 10.16% rental yield on a $379,000 purchase with $3,209/mo rent. Total monthly income registers $3,209/mo, and a $1,855/mo payment leaves $716/mo available for distribution. Annual cash flow reaches $8,592/yr on $125,639 to close, and return on cash invested stands at 26.75% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 140.06% and total cumulative return in cash at $175,967. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,209/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45887, Spencerville, OH area.
| 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 |
Residential
1,831
Single Family
1,794
Multi-Family
37
Businesses
104
Date | Event | Price |
|---|---|---|
| 2024-12-19 | Price change | $379,000 |
| 2024-12-05 | Listed for sale | $390,000 |
| 2012-07-03 | Sold | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $2254.35 | -0.80% | $63,530 | N/A |
| 2022-01-08 | $2272.63 | 1.07% | $63,530 | N/A |
| 2021-01-08 | $2248.51 | 20.41% | $63,530 | 28.71% |
Listed by: Richard Robinson III • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305779
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.
