638 E 6th 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
Investment property for sale in Lancaster at 638 E 6th Ave, Lancaster, OH, 43130 offers a 8.78% rental yield on a $268,400 purchase with $1,963/mo rent. Total monthly income registers $1,963/mo, and a $1,314/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,366/yr on $88,975 to close, and return on cash invested stands at 22.57% in year one. Equity gained on principal adds $1,732/yr while 5% annual appreciation supports $74,154 over five years. Portfolio math shows five-year ROI at 117.66% and total cumulative return in cash at $104,691. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,963/mo property income against a $1,314/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
9,583 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: Kathryn Harr • RE/MAX ONE
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225021272
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.