123 Newport CtElyriaOH44035
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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 Elyria at 123 Newport Ct, Elyria, OH, 44035 earns $403/mo cash flow from $2,218/mo rent with a $1,174/mo payment. Total monthly income totals $2,218/mo, and annual cash flow totals $4,838/yr on $79,527 capital. ROI tracks 25.99% on current figures, and rental yield reads 11.09% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 137.32% and total cumulative return in cash sums $109,207. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,218/mo property income instead of your personal income.
Condo
Built in 2016
5,208 sqft lot
$N/A/sqft
$237 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,707
Single Family
24,750
Multi-Family
3,957
Businesses
1,724
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Listed by: Susan C Sasseville • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5157028
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