947 Elizabeth DrLancasterOH43130
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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 947 Elizabeth Dr, Lancaster, OH, 43130 generates $1,669/mo in rent and, after a $1,126/mo payment, leaves $156/mo in cash flow. Total monthly income is $1,669/mo, and annual cash flow is $1,870/yr on $76,245 invested. Return on cash invested sits at 22.36% in year one, and rental yield is 8.71% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 116.49% and total cumulative return in cash sums $88,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,669/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
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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