6083 Ioof Rd, Spencerville, OH, 45887 | $141/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6083 Ioof Rd, Spencerville, OH, 45887 | $141/mo Cash Flow | Ziffy

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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

Investment property for sale in Spencerville at 6083 Ioof Rd, Spencerville, OH, 45887 offers a 8.46% rental yield on a $300,000 purchase with $2,114/mo rent. Total monthly income registers $2,114/mo, and a $1,468/mo payment leaves $141/mo available for distribution. Annual cash flow reaches $1,692/yr on $99,450 to close, and return on cash invested stands at 21.61% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 112.47% and total cumulative return in cash at $111,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,114/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1980

1 Acres lot

$N/A/sqft

No HOA

More details about the property

This updated log cabin offers a charming and cozy retreat. It offers modern amenities while keeping rustic charm. Both bathrooms have sold wood countertops and custom vanities. Two woodburning stoves promise to keep you cozy in these Ohio winter months. The acre of land has raspberry bushes. Japanese maple trees. ever green and arbor vista trees. Relax in the evenings in the hot tub. Invite your friends to join on the stone patio with a bar, lighting and speakers. The barn will house your chickens and other pets.

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