Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$106,000

For Sale - Active
234 Park St, Lancaster, OH 43130
2 Beds
1 Bath
468 Square Feet
0.05 Acres Lot
Built in 1900
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Jun 25, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
$21
Cap Rate
6.5%
Cash-on-Cash Return
1.0%
Debt Coverage Ratio
1.04
Internal Rate of Return (5 years)
5.0%

Property Description


0.05 Acres Lot
Built in 1900
For Sale - Active
Units n/a

The actual address is 234 1/2 Park. It sits directly behind 234 Park. Cozy single family home with private deck. Remodeled inside less than 3 years ago. Member of the selling entity is a licensed Real Estate agent in the State of Ohio. Seller has other properties in central Ohio that could be packaged with this property.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Details: No Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Block

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 05320750.00
  • Lot Size: 2178 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1900

Tax Information

  • Annual Tax: $562

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Fairfield

Listing Details


Listed by:
Rob Adams
Rise Realty
(614) 206-4281

Source:
Columbus and Central Ohio Regional MLS
MLS#: 224036697
Columbus and Central Ohio Regional MLS

Investment Summary


Monthly Cash Flow
$21
Cap Rate
6.5%
Cash-on-Cash Return
1.0%
Debt Coverage Ratio
1.04
Internal Rate of Return (5 years)
5.0%

Purchase Details

Find an Agent

Purchase price:
$106,000
Amount financed:
-$84,800
Down payment:
$21,200
Closing costs:
$3,180
Rehab costs:
$0
Initial cash invested:
$24,380
Square feet:
468
Cost per square foot:
$227
Monthly rent per square foot:
$1.92

Financing Details

Find a Lender

Loan amount:
$84,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$553
Property tax:
$47
Insurance:
$63
Private mortgage insurance (PMI):
$0
Monthly payment:
$663

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$900 $10,800
Vacancy loss: (6%)
6% -$54 -$648
Operating income:
$846 $10,152

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$47-$562
Insurance: (7%)
7%-$63-$756
Property management: (8%)
8%-$72-$864
Repairs & maintenance: (5%)
5%-$45-$540
Capital expenditures: (5%)
5%-$45-$540
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$272-$3,262

Cash Flow


Monthly Yearly
Net operating income:
$574 $6,888
Mortgage payments:
-$553 -$6,636
Cash flow:
$21 $252