824 N Pierce 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 824 N Pierce Ave, Lancaster, OH, 43130 at $186,500 posts ROI 27.13% with $372/mo cash flow from $1,599/mo rent. Total monthly income equals $1,599/mo, and annual cash flow records $4,465/yr on $61,825 to close. Return on cash invested measures 27.13% and rental yield reads 10.29% at the current $186,500. Equity gained on principal adds $1,203/yr, and 5% annual appreciation supports $51,527 by year five. Five-year ROI prints 142.17% and total cumulative return in cash totals $87,893.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,599/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
5,227 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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