1210 Tower BlvdLorainOH44053
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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
Rental property for sale in Lorain at 1210 Tower Blvd, Lorain, OH, 44053 generates $2,038/mo in rent and, after a $954/mo payment, leaves $756/mo in cash flow. Total monthly income is $2,038/mo, and annual cash flow is $9,069/yr on $64,643 invested. Return on cash invested sits at 33.94% in year one, and rental yield is 12.54% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 178.6% and total cumulative return in cash sums $115,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,038/mo property income rather than buyer’s personal income.
Multi Family
Built in 1967
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44053, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,893 (100%) |
| Owner Occupied HU | 6,090 (61.6%) |
| Renter Occupied HU | 3,174 (32.1%) |
| Vacant Housing Units | 629 ( 6.4%) |
| Median Home Value | $216,801 |
| Average Home Value | $251,076 |
Housing Distribution
Address Breakdown
Residential
9,715
Single Family
7,830
Multi-Family
1,885
Businesses
424
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