118 Brooklyn St, Elyria, OH, 44035 | $253/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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118 Brooklyn St, Elyria, OH, 44035 | $253/mo Cash Flow | Ziffy

For Sale

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 118 Brooklyn St, Elyria, OH, 44035 listed at $180,000 pairs $1,437/mo rent with a $881/mo payment to leave $253/mo cash flow. Total monthly income runs $1,437/mo, and annual cash flow reaches $3,036/yr on $59,670 cash to close. Return on cash invested measures 25% in year one, and rental yield registers 9.58% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 130.61% and total cumulative return in cash totals $77,933. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,437/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1918

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home to this completely updated and meticulously maintained Cape Cod located on a quiet dead-end street. With views of the Black River, this adorable home is just waiting for its next owners. Enjoy quiet evenings on the covered front porch listening to the water go by. Upon entry you are greeted by an open main floor that includes high ceilings, hardwood floors, a completely renovated kitchen, new half bath off the cozy additional family/study, a second side entrance that leads to a small deck with grilling area and privacy fence. The second floor includes a completely renovated full bath with walk in shower and two bedrooms each with hardwood floors. Each bedroom includes tons of storage. The full walk out basement includes a laundry room and additional storage space. This lovely home's updates include: Roof - 2018, HVAC - 2013, Tankless Water Heater - 2021, Privacy Fence - 2024, Exterior Painting - 2023. Additional updates included with disclosures. Schedule your tour of this lovely home today!

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