1891 Lake Rd NELancasterOH43130
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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 1891 Lake Rd NE, Lancaster, OH, 43130 offers a 11.27% rental yield on a $274,000 purchase with $2,574/mo rent. Total monthly income registers $2,574/mo, and a $1,341/mo payment leaves $772/mo available for distribution. Annual cash flow reaches $9,261/yr on $90,831 to close, and return on cash invested stands at 30.1% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 158.03% and total cumulative return in cash at $143,541. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,574/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1988
1 Acres 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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