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MarketsOhioFindlay

Cap Rate Analysis: Findlay, OH

Investment metrics, interactive calculators, and data-driven analysis for Findlay rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $230,000 median price and $1,260/mo median rent
Est. Cap Rate
3.75%
1% Rule
0.55%
Fails
GRM
15.2x
Price / Income
4.8x

Market Data

Median Home Price$230,000
Median Monthly Rent$1,260
Property Tax Rate1.58%
Population50,000
Population Growth0.2% / yr
Median Household Income$47,711
Vacancy Rate6.7%
Annual Appreciation2.2%

Cap Rate Calculator — Findlay

Pre-filled with Findlay medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.58% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.97%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$6,823
net operating income
Gross Rent Multiplier
15.2x
High (>15)
1% Rule
0.55%
✗ Fails
Monthly Cash Flow
$569
before debt service
Annual Breakdown
Gross Rental Income$15,120
Less Vacancy−$1,013
Effective Income$14,107
Less Operating Expenses−$7,284
Net Operating Income$6,823
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Cash-on-Cash Return — Findlay

Factor in financing to see your actual return on invested capital in Findlay.

$
$57,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-7.33%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$64,400
$57,500 down + $6,900 closing
Monthly Mortgage
$1,125
on $173K loan
Monthly Cash Flow
$-394
after all expenses
Annual Cash Flow
$-4,723
before taxes
Cash Flow Breakdown
Monthly Rent$1,260
Less Expenses−$529
Less Mortgage−$1,125
Monthly Cash Flow$-394

Is Findlay a Good Place to Invest in Rental Property?

Findlay, OH has a population of 50,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $230,000 paired with median rents of $1,260/mo produces an estimated cap rate of 3.75%.

Property taxes at 1.58% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.7% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.8x, homes cost about 4.8 times the local median income of $47,711. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Findlay is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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