42 N Locust 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
Rental property for sale in Mechanicsburg at 42 N Locust St, Mechanicsburg, OH, 43044 generates $1,552/mo in rent and, after a $1,150/mo payment, leaves $6/mo in cash flow. Total monthly income is $1,552/mo, and annual cash flow is $77/yr on $77,903 invested. Return on cash invested sits at 20.01% in year one, and rental yield is 7.93% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 103.92% and total cumulative return in cash sums $80,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,552/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,440 sqft 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: Sue A Van Woerkom • Keller Williams Capital Prtnrs
Mls Name: DABR MLS
Mls ID: #940465