242 E Hocking StCanal WinchesterOH43110
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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 Canal Winchester at 242 E Hocking St, Canal Winchester, OH, 43110 generates $2,694/mo in rent and, after a $1,737/mo payment, leaves $360/mo in cash flow. Total monthly income is $2,694/mo, and annual cash flow is $4,315/yr on $117,649 invested. Return on cash invested sits at 23.58% in year one, and rental yield is 9.11% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 123.02% and total cumulative return in cash sums $144,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,694/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43110, Canal Winchester, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,451 (100%) |
| Owner Occupied HU | 9,914 (53.7%) |
| Renter Occupied HU | 7,454 (40.4%) |
| Vacant Housing Units | 1,083 ( 5.9%) |
| Median Home Value | $322,853 |
| Average Home Value | $340,513 |
Housing Distribution
Address Breakdown
Residential
17,502
Single Family
16,418
Multi-Family
1,084
Businesses
627
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Listed by: Kelly Abbott • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225043901