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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 9235 Bice Rd, Spencerville, OH, 45887 generates $1,790/mo in rent and, after a $954/mo payment, leaves $508/mo in cash flow. Total monthly income is $1,790/mo, and annual cash flow is $6,093/yr on $64,643 invested. Return on cash invested sits at 29.33% in year one, and rental yield is 11.02% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 153.91% and total cumulative return in cash sums $99,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,790/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
1 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-23 | $992.35 | 30.36% | $41,900 | 29.96% |
| 2023-09-23 | $761.23 | -6.51% | $32,240 | N/A |
| 2022-09-23 | $814.28 | 0.26% | $32,240 | N/A |
Listed by: Richard Clark • Dick Clark Real Estate, LLC
Mls Name: WCAR OH
Mls Provider:
Mls ID: #308295
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.
