10556 Lagrange Rd, Elyria, OH, 44035 | $474/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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10556 Lagrange Rd, Elyria, OH, 44035 | $474/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elyria at 10556 Lagrange Rd, Elyria, OH, 44035 uses $54,664 cash to close to unlock $5,693/yr annual cash flow and $474/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $807/mo payment keeps the spread at $474/mo. Purchase price stands at $164,900, and rental yield measures 11.35% with $1,559/mo rent. Return on cash invested shows 30.32% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 159.25% and total cumulative return in cash records $87,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $807/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.95 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 1.5-bath ranch nestled on nearly one acre (0.95) of partially wooded land in Carlisle Township, within the highly desirable Midview School District. This home offers a blend of comfort, character, and practicality: Solid updates & peace of mind. Metal roof installed between 20002001. Brand-new septic system (August 2023, Ray Johnson Septic) with all new components. Hot water tank replaced in 2023. Central AC replaced June 2020. The living room with lighted ceiling fan and remote is carpeted with hardwood beneath (condition unknown). Knotty pine dining area featuring a large picture window overlooking the serene backyard. Kitchen equipped with a pantry, gas stove, microwave, and refrigerator. Three bedrooms with wood floors. Full bath with linen closet, single-sink vanity, and tub/shower combo. Convenient half bath off the hallway. Basement & extras: Full, unfinished basement with small bar, storage, work benches, washer, dryer, and upright freezer (conveys as-is). Two sheds for additional storage. Riding lawnmower included (condition unknown). A firepit is off to the side and has been the neighborhood gathering spot! Set on a beautiful lot with mature trees, this property offers both privacy and space to enjoy the outdoors. With solid mechanical updates already in place, its ready for your personal touch to make it truly shine. Conveniently located near SR 20 and Oberlin/Elyria Rd. Preapproved buyers are welcome by appointment.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44035, Elyria, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,060 (100%)
Owner Occupied HU	17,525 (58.3%)
Renter Occupied HU	10,366 (34.5%)
Vacant Housing Units	2,169 ( 7.2%)
Median Home Value	$163,574
Average Home Value	$187,977