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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 413 W 4th St, Spencerville, OH, 45887 listed at $225,000 pairs $2,443/mo rent with a $1,101/mo payment to leave $960/mo cash flow. Total monthly income runs $2,443/mo, and annual cash flow reaches $11,524/yr on $74,588 cash to close. Return on cash invested measures 35.36% in year one, and rental yield registers 13.03% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 186.27% and total cumulative return in cash totals $138,933. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,443/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.31 Acres lot
$N/A/sqft
$35 annually 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 |
|---|---|---|
| 2024-10-30 | Listed for sale | $225,000 |
| 2022-05-10 | Sold | $199,900 |
| 2022-05-10 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $1680.51 | -0.45% | $47,570 | N/A |
| 2022-01-08 | $1688.09 | 23.98% | $47,570 | 27.23% |
| 2021-01-08 | $1361.57 | 358.98% | $37,390 | 415.72% |
Listed by: Bonita Marlow • Cisco Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1035342
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.
