521 S Broadway St, Spencerville, OH, 45887 | $198/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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521 S Broadway St, Spencerville, OH, 45887 | $198/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Spencerville at 521 S Broadway St, Spencerville, OH, 45887 priced at $147,500 converts $1,168/mo rent into $198/mo cash flow after a $722/mo obligation. Total monthly income equals $1,168/mo, and annual cash flow totals $2,373/yr on $48,896 invested. Return on cash invested prints 24.76% in year one, and rental yield reads 9.5% against a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation compiles into $40,752 by year five. Five-year ROI reaches 129.39% and total cumulative return in cash sums $63,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,168/mo property income covering a $722/mo payment, not borrower’s personal income.

Single Family

Built in 1920

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Situated right on the southern edge of Spencerville is 521 S. Broadway St. Inside is a large living room with wood burning fireplace and a large dining room thats great for family gatherings and entertaining. On the main level is one bedroom, a full bathroom, and an office area. The entire upstairs is a large bedroom and a half bath. Out the backdoor is a nice composite deck to relax on and a 24x30 garage with storage loft. There's also a whole house generator for peace of mind.

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