1040 W 9th 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 1040 W 9th St, Lorain, OH, 44052 offers a 7.78% rental yield on a $171,000 purchase with $1,109/mo rent. 57% in year one. Equity gained on principal adds $1,103/yr while 5% annual appreciation supports $47,244 over five years. Portfolio math shows five-year ROI at 101.65% and total cumulative return in cash at $57,623. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,109/mo property income against a $837/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Drew Dickson • RE/MAX Traditions
Mls Name: MLS Now
Mls Provider:
Mls ID: #5120808
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