356 E Mulberry 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
Rental property for sale in Lancaster at 356 E Mulberry St, Lancaster, OH, 43130 priced at $193,600 converts $2,146/mo rent into $872/mo cash flow after a $948/mo obligation. Total monthly income equals $2,146/mo, and annual cash flow totals $10,465/yr on $64,178 invested. Return on cash invested prints 36.22% in year one, and rental yield reads 13.3% against a $193,600 entry. Equity gained on principal adds $1,249/yr, while 5% annual appreciation compiles into $53,488 by year five. Five-year ROI reaches 190.87% and total cumulative return in cash sums $122,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,146/mo property income covering a $948/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,488 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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