ZIP CODE 44256 // CLEVELAND-ELYRIA, OH // DATA AS OF 2026-09-30
Medina, OH (44256) Rental Property Cap Rate & Cash Flow Report
Located in Medina County (Medina, OH), Zip Code 44256 ranks #201 of 500 within this selected sample (60th percentile) with a Zillow ZHVI typical home-value index of $381,694 (+3.9% YoY) and a ZORI observed market rent of $1,929/mo (+2.5% YoY). Requires at least 54.2% 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
-$824/mo
Annual: -$9,892/yr
Modeled Cap Rate
3.48%
NOI: $13,269/yr
Cash-on-Cash Return
-11.27%
Cash Needed: $87,790
1% Rule Ratio
0.51%
Gross Yield: 6.06%
Break-Even Rent
$2,876/mo
State Tax: 1.30%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 44256 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (OH Avg 1.30%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,930/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$823/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (44256)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $322,975 | $1,727/mo | 6.42% |
| 2023 | $336,438 | $1,719/mo | 6.13% |
| 2024 | $353,104 | $1,793/mo | 6.09% |
| 2025 | $367,451 | $1,882/mo | 6.15% |
| 2026 | $381,694 | $1,929/mo | 6.06% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 45011 Hamilton, OH | $370,767 | $1,831/mo | 3.36% | -$838/mo |
| 43123 Grove City, OH | $330,582 | $1,556/mo | 3.11% | -$814/mo |
| 43081 Westerville, OH | $352,515 | $1,616/mo | 2.99% | -$905/mo |
| 43130 Lancaster, OH | $273,715 | $1,226/mo | 2.88% | -$728/mo |
| 43055 Newark, OH | $249,856 | $1,420/mo | 4.13% | -$403/mo |
| 43228 Columbus, OH | $218,961 | $1,277/mo | 4.29% | -$325/mo |