416 Reese 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 416 Reese Ave, Lancaster, OH, 43130 priced at $179,900 converts $1,432/mo rent into $248/mo cash flow after a $881/mo obligation. Total monthly income equals $1,432/mo, and annual cash flow totals $2,978/yr on $59,637 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 9.55% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 130.2% and total cumulative return in cash sums $77,649. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,432/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1952
8,712 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: Holly Dozer • Rock House Realty LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225019065
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.