233 Lewis 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 233 Lewis Ave, Lancaster, OH, 43130 priced at $154,900 pairs $1,217/mo rent with $198/mo cash flow after a $758/mo payment. Total monthly income equals $1,217/mo, and annual cash flow comes to $2,379/yr on $51,349 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.43% on a $154,900 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,796 by year five. Five-year ROI measures 128.29% and total cumulative return in cash reaches $65,876. For financing, Ziffy Mortgage’s DSCR program evaluates $1,217/mo property income against a $758/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.29 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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