855 N Spruce StSaint MarysOH45885
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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 Saint Marys at 855 N Spruce St, Saint Marys, OH, 45885 uses $72,897 cash to close to unlock $1,162/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,543/mo, and a $1,076/mo payment keeps the spread at $97/mo. Purchase price stands at $219,900, and rental yield measures 8.42% with $1,543/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 111.91% and total cumulative return in cash records $81,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,543/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.56 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
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Listed by: Maisie Tyler • Binkley Real Estate- Wapakoneta
Mls Name: WCAR OH
Mls ID: #308195