6401 Firestone Rd, Spencer, OH, 44275 | 4.81% Rental Yield

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 Spencer at 6401 Firestone Rd, Spencer, OH, 44275 generates $1,320/mo in rent, after a $1,610/mo payment. Total monthly income is $1,320/mo. Return on cash invested sits at 10.62% in year one, and rental yield is 4.81% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 53.6% and total cumulative return in cash sums $58,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.

Single Family

Built in 1996

2.18 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience the best of country-style living in this beautifully maintained Colonial set on over 2 scenic acres. From the inviting front porch to the spacious back deck, this home offers the perfect blend of comfort and charm. Inside, you'll find a warm and welcoming layout ideal for everyday living or entertaining. Surrounded by open land and natural beauty, its a true escapeyet still conveniently located. Enjoy quiet mornings on the porch, relaxing evenings on the deck, and the simple joys of country life.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44275, Spencer, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,322 (100%)
Owner Occupied HU	1,090 (82.5%)
Renter Occupied HU	169 (12.8%)
Vacant Housing Units	63 ( 4.8%)
Median Home Value	$335,841
Average Home Value	$413,530