222 S Ohio 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
Rental property for sale in Lancaster at 222 S Ohio Ave, Lancaster, OH, 43130 generates $1,500/mo in rent and, after a $828/mo payment, leaves $387/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $4,646/yr on $56,097 invested. Return on cash invested sits at 28.19% in year one, and rental yield is 10.64% on a $169,222 entry. Equity gained on principal adds $1,092/yr, while 5% annual appreciation builds toward $46,753 over five years. Five-year ROI reaches 147.82% and total cumulative return in cash sums $82,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
6,098 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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Listed by: Jeremy R Mills • Rise Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225000014
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.