242 W Main StMechanicsburgOH43044
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mechanicsburg at 242 W Main St, Mechanicsburg, OH, 43044 uses $60,532 cash to close to unlock $2,480/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,408/mo, and a $894/mo payment keeps the spread at $207/mo. Purchase price stands at $182,600, and rental yield measures 9.25% with $1,408/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $50,449 over five years. Five-year ROI reaches 125.34% and total cumulative return in cash records $75,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,408/mo property income covering a $894/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff S. Harvey • Harvey Plus
Mls Name: WRIST
Mls Provider:
Mls ID: #1041533
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.