1210 Prospect St, Elyria, OH, 44035 | 7.24% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1210 Prospect St, Elyria, OH, 44035 | 7.24% Rental Yield | Ziffy

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
3 Bath
1800 sft

41575 Russia Rd, Elyria, OH, 44035

2 Bed
1 Bath
1084 sft

9964 E River Rd, Elyria, OH, 44035

2 Bed
1 Bath
816 sft

254 Oakwood St, Elyria, OH, 44035

2 Bed
1 Bath
- sft

756 Infirmary Rd, Elyria, OH, 44035

Nearby investment properties with comparable prices

2 Bed
2 Bath
1018 sft

4647 Zenobia Rd, Wakeman, OH, 44889

5 Bed
3 Bath
1804 sft

45315 State Route 18, Wellington, OH, 44090

4 Bed
2 Bath
2380 sft

155 E Main St, New London, OH, 44851

3 Bed
2 Bath
1672 sft

68 Prospect St, New London, OH, 44851

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Elyria at 1210 Prospect St, Elyria, OH, 44035 listed at $179,000 pairs $1,080/mo rent with a $876/mo payment. Total monthly income runs $1,080/mo. Return on cash invested measures 17.94% in year one, and rental yield registers 7.24% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 92.81% and total cumulative return in cash totals $55,071. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,080/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1956

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Snuggle into this move-in-ready cozy 2 bedroom/1 bth log cabin-looking home. It's within walking distance to school, playground, basketball court, pool, exercise path, and recreation center! Great Area! A double lot gives this home almost 1/4 an acre to make your backyard the oasis you can imagine. The home features a new kitchen and bathroom, flooring, paint, and lighting. A detached garage has a space for a small workroom. Extra utility shed.

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