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MarketsOhioSandusky

Cap Rate Analysis: Sandusky, OH

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

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

Moderate — source deals carefully
Based on $230,000 median price and $1,490/mo median rent
Est. Cap Rate
4.87%
1% Rule
0.65%
Fails
GRM
12.9x
Price / Income
4.8x

Market Data

Median Home Price$230,000
Median Monthly Rent$1,490
Property Tax Rate1.58%
Population50,000
Population Growth0.2% / yr
Median Household Income$47,711
Vacancy Rate6.7%
Annual Appreciation2.2%

Cap Rate Calculator — Sandusky

Pre-filled with Sandusky 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
3.87%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$8,906
net operating income
Gross Rent Multiplier
12.9x
Good (<15)
1% Rule
0.65%
✗ Fails
Monthly Cash Flow
$742
before debt service
Annual Breakdown
Gross Rental Income$17,880
Less Vacancy−$1,198
Effective Income$16,682
Less Operating Expenses−$7,776
Net Operating Income$8,906
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Cash-on-Cash Return — Sandusky

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

$
$57,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-4.86%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
$-261
after all expenses
Annual Cash Flow
$-3,127
before taxes
Cash Flow Breakdown
Monthly Rent$1,490
Less Expenses−$626
Less Mortgage−$1,125
Monthly Cash Flow$-261

Is Sandusky a Good Place to Invest in Rental Property?

Sandusky, 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 $1,490/mo produces an estimated cap rate of 4.87%.

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: Sandusky presents moderate opportunities. Cap rates near 4.87% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.

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