1309 Kerr AveLancasterOH43130
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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 Lancaster at 1309 Kerr Ave, Lancaster, OH, 43130 listed at $278,900 pairs $1,966/mo rent with a $1,365/mo payment to leave $132/mo cash flow. Total monthly income runs $1,966/mo, and annual cash flow reaches $1,578/yr on $92,455 cash to close. Return on cash invested measures 21.62% in year one, and rental yield registers 8.46% at a $278,900 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,055 by year five. Five-year ROI tracks 112.53% and total cumulative return in cash totals $104,039. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,966/mo property income relative to a $1,365/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43130, Lancaster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,232 (100%) |
| Owner Occupied HU | 17,412 (63.9%) |
| Renter Occupied HU | 8,241 (30.3%) |
| Vacant Housing Units | 1,579 ( 5.8%) |
| Median Home Value | $254,495 |
| Average Home Value | $301,928 |
Housing Distribution
Address Breakdown
Residential
26,133
Single Family
24,337
Multi-Family
1,796
Businesses
2,033
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