1020 W 10th StLorainOH44052
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lorain at 1020 W 10th St, Lorain, OH, 44052 uses $37,758 cash to close to unlock $2,175/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $930/mo, and a $557/mo payment keeps the spread at $181/mo. Purchase price stands at $113,900, and rental yield measures 9.8% with $930/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $31,468 over five years. Five-year ROI reaches 134.34% and total cumulative return in cash records $50,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $557/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: John H Fitch • Market First Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5096872
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