218 W Main StMechanicsburgOH43044
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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
Rental property for sale in Mechanicsburg at 218 W Main St, Mechanicsburg, OH, 43044 generates $1,498/mo in rent and, after a $953/mo payment, leaves $217/mo in cash flow. Total monthly income is $1,498/mo, and annual cash flow is $2,605/yr on $64,576 invested. Return on cash invested sits at 23.94% in year one, and rental yield is 9.23% on a $194,800 entry. Equity gained on principal adds $1,257/yr, while 5% annual appreciation builds toward $53,820 over five years. Five-year ROI reaches 125.05% and total cumulative return in cash sums $80,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,498/mo property income rather than buyer’s personal income.
Single Family
Built in 1868
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43044, Mechanicsburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,194 (100%) |
| Owner Occupied HU | 1,660 (75.7%) |
| Renter Occupied HU | 411 (18.7%) |
| Vacant Housing Units | 123 ( 5.6%) |
| Median Home Value | $225,063 |
| Average Home Value | $253,393 |
Housing Distribution
Address Breakdown
Residential
2,058
Single Family
2,003
Multi-Family
55
Businesses
78
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Listed by: Jeff S. Harvey • Harvey Plus
Mls Name: WRIST
Mls ID: #1041532