1014 W 9th St,Lorain,OH,44052

Investment Highlights

Investment property for sale in Lorain at 1014 W 9th St, Lorain, OH, 44052 listed at $114,900 pairs $873/mo rent with a $562/mo payment to leave $118/mo cash flow. Total monthly income runs $873/mo, and annual cash flow reaches $1,411/yr on $38,089 cash to close. Return on cash invested measures 23.61% in year one, and rental yield registers 9.12% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 123.28% and total cumulative return in cash totals $46,958. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $873/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).