408 N Mulberry StSpencervilleOH45887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 408 N Mulberry St, Spencerville, OH, 45887 offers $884/mo rent that, after a $538/mo payment, leaves $161/mo cash flow. Total monthly income is $884/mo, and annual cash flow is $1,930/yr on $36,465 cash. Return on cash invested measures 25.2% in year one, and rental yield stands at 9.64% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 131.73% and total cumulative return in cash reaches $48,036. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $884/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tera Knebel • Schrader Realty
Mls Name: WCAR OH
Mls ID: #308810