313 Busby 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 313 Busby Ave, Lancaster, OH, 43130 priced at $184,888 converts $1,414/mo rent into $198/mo cash flow after a $905/mo obligation. Total monthly income equals $1,414/mo, and annual cash flow totals $2,373/yr on $61,290 invested. Return on cash invested prints 23.78% in year one, and rental yield reads 9.18% against a $184,888 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,081 by year five. Five-year ROI reaches 124.14% and total cumulative return in cash sums $76,083. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,414/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1951
5,227 sqft lot
$N/A/sqft
No 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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