419 S Pearl StSpencervilleOH45887
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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
Investment property for sale in Spencerville at 419 S Pearl St, Spencerville, OH, 45887 with 5% annual appreciation on a $114,500 basis while $1,086/mo rent supports operations. Total monthly income totals $1,086/mo and a $560/mo payment preserves $333/mo for cash returns. Annual cash flow comes to $3,999/yr on $37,957 deployed, and return on cash invested reaches 30.44% in year one. Equity gained on principal adds $739/yr, and five-year appreciation sums $31,634 alongside rental yield of 11.38%. Five-year ROI measures 159.93% and total cumulative return in cash totals $60,704.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,086/mo property income versus a $560/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
6,534 sqft 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: Cole Stephens • Lake Shore Realtors
Mls Name: WRIST
Mls Provider:
Mls ID: #1036269
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.