32 School StMechanicsburgOH43044
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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 Mechanicsburg at 32 School St, Mechanicsburg, OH, 43044 uses $92,787 cash to close to unlock $1,702/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,983/mo, and a $1,370/mo payment keeps the spread at $142/mo. Purchase price stands at $279,900, and rental yield measures 8.5% with $1,983/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 113.19% and total cumulative return in cash records $105,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,983/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.25 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
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Listed by: Sam John Rice • Keller Williams Greater Cols
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225007922
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