510 N Spruce StSaint MarysOH45885
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
Investment property for sale in Saint Marys at 510 N Spruce St, Saint Marys, OH, 45885 offers a 15.5% rental yield on a $120,000 purchase with $1,550/mo rent. Total monthly income registers $1,550/mo, and a $587/mo payment leaves $761/mo available for distribution. Annual cash flow reaches $9,132/yr on $39,780 to close, and return on cash invested stands at 42.87% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 226.44% and total cumulative return in cash at $90,079. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,550/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45885, Saint Marys, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,816 (64.8%) |
| Renter Occupied HU | 1,574 (26.7%) |
| Vacant Housing Units | 503 ( 8.5%) |
| Median Home Value | $189,076 |
| Average Home Value | $220,131 |
Housing Distribution
Address Breakdown
Residential
5,576
Single Family
5,477
Multi-Family
99
Businesses
382
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashleigh Mangini • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307422
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.