510 S Broadway 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 510 S Broadway St, Spencerville, OH, 45887 earns $114/mo cash flow from $837/mo rent with a $538/mo payment. Total monthly income totals $837/mo, and annual cash flow totals $1,368/yr on $36,432 capital. ROI tracks 23.66% on current figures, and rental yield reads 9.14% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 123.46% and total cumulative return in cash sums $44,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $837/mo property income instead of your personal income.
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 ID: #1042748