ZIP CODE 43123 // COLUMBUS, OH // DATA AS OF 2026-09-30
Grove City, OH (43123) Rental Property Cap Rate & Cash Flow Report
Located in Franklin County (Grove City, OH), Zip Code 43123 ranks #251 of 500 within this selected sample (50th percentile) with a Zillow ZHVI typical home-value index of $330,582 (+1.3% YoY) and a ZORI observed market rent of $1,556/mo (+5.1% YoY). Requires at least 58.9% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$814/mo
Annual: -$9,766/yr
Modeled Cap Rate
3.11%
NOI: $10,294/yr
Cash-on-Cash Return
-12.84%
Cash Needed: $76,034
1% Rule Ratio
0.47%
Gross Yield: 5.65%
Break-Even Rent
$2,491/mo
State Tax: 1.30%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 43123 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (OH Avg 1.30%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,672/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$698/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (43123)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $262,941 | $1,241/mo | 5.66% |
| 2022 | $300,163 | $1,319/mo | 5.27% |
| 2023 | $307,343 | $1,379/mo | 5.38% |
| 2024 | $319,664 | $1,444/mo | 5.42% |
| 2025 | $326,240 | $1,480/mo | 5.44% |
| 2026 | $330,582 | $1,556/mo | 5.65% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 43081 Westerville, OH | $352,515 | $1,616/mo | 2.99% | -$905/mo |
| 43130 Lancaster, OH | $273,715 | $1,226/mo | 2.88% | -$728/mo |
| 45011 Hamilton, OH | $370,767 | $1,831/mo | 3.36% | -$838/mo |
| 44256 Medina, OH | $381,694 | $1,929/mo | 3.48% | -$824/mo |
| 43026 Hilliard, OH | $375,833 | $1,551/mo | 2.51% | -$1,115/mo |
| 43015 Delaware, OH | $413,489 | $1,616/mo | 2.28% | -$1,305/mo |