2630 Spring Grove 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 2630 Spring Grove Ave, Lancaster, OH, 43130 offers $3,941/mo rent that, after a $1,908/mo payment, leaves $1,369/mo cash flow. Total monthly income is $3,941/mo, and annual cash flow is $16,430/yr on $129,252 cash. Return on cash invested measures 32.62% in year one, and rental yield stands at 12.13% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 171.56% and total cumulative return in cash reaches $221,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,941/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
7,840 sqft lot
$N/A/sqft
$90 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
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Listed by: Jenifer M Campbell • Better Homes & Gardens BigHill
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224030774
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.