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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Spencerville at 8785 Deep Cut Rd, Spencerville, OH, 45887 priced at $175,000 converts $1,048/mo rent into after a $857/mo obligation. Total monthly income equals $1,048/mo. Return on cash invested prints 17.77% in year one, and rental yield reads 7.19% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 91.94% and total cumulative return in cash sums $53,335. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,048/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45887, Spencerville, OH area.
| 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 |
Residential
1,831
Single Family
1,794
Multi-Family
37
Businesses
104
Date | Event | Price |
|---|---|---|
| 2025-04-19 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-21 | $1374.46 | -2.96% | $41,790 | 21.34% |
| 2022-04-21 | $1416.32 | 0.64% | $34,440 | N/A |
| 2021-04-21 | $1407.26 | -1.42% | $34,440 | N/A |
Listed by: James Shaffer • Jim Shaffer Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306806
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
