2655 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
Investment property for sale in Lancaster at 2655 Spring Grove Ave, Lancaster, OH, 43130 with 5% annual appreciation on a $305,900 basis while $2,353/mo rent supports operations. Total monthly income totals $2,353/mo and a $1,497/mo payment preserves $331/mo for cash returns. Annual cash flow comes to $3,973/yr on $101,406 deployed, and return on cash invested reaches 23.83% in year one. Equity gained on principal adds $1,974/yr, and five-year appreciation sums $84,515 alongside rental yield of 9.23%. Five-year ROI measures 124.45% and total cumulative return in cash totals $126,196.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,353/mo property income versus a $1,497/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
$120 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: Justin Bruce • Real of Ohio
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225012296
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.