2496 Ridgeway AveLancasterOH43130
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 Lancaster at 2496 Ridgeway Ave, Lancaster, OH, 43130 listed at $349,900 pairs $4,009/mo rent with a $1,713/mo payment to leave $1,674/mo cash flow. Total monthly income runs $4,009/mo, and annual cash flow reaches $20,084/yr on $115,992 cash to close. Return on cash invested measures 37.22% in year one, and rental yield registers 13.75% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 196.33% and total cumulative return in cash totals $227,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,009/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.35 Acres lot
$N/A/sqft
$400 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert E Salmons • Entera Realty LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224023334
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.