320 Witte StLancasterOH43130
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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 320 Witte St, Lancaster, OH, 43130 uses $43,062 cash to close to unlock $2,296/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,046/mo, and a $636/mo payment keeps the spread at $191/mo. Purchase price stands at $129,900, and rental yield measures 9.66% with $1,046/mo rent. Return on cash invested shows 25.24% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 132.05% and total cumulative return in cash records $56,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,046/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,405 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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Listed by: Dean Bradford • Howard HannaRealEstateServices
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225007930
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.