1240 W 27th St, Lorain, OH, 44052 | $389/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1240 W 27th St, Lorain, OH, 44052 | $389/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 Lorain at 1240 W 27th St, Lorain, OH, 44052 uses $55,990 cash to close to unlock $4,664/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $827/mo payment keeps the spread at $389/mo. Purchase price stands at $168,900, and rental yield measures 10.66% with $1,500/mo rent. Return on cash invested shows 28.24% in year one, and 5% annual appreciation builds toward $46,664 over five years. Five-year ROI reaches 148.03% and total cumulative return in cash records $82,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $827/mo payment rather than investor’s personal income.

Single Family

Built in 1958

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained, clean, move in ready, ranch style home sitting in a quiet cul-de-sac. Furnace with humidifier attached and air conditioner approximately one year old with a transferable warranty. Newer hot water tank. Hardwood floors under carpets in main area of home, all window treatments and all appliances included. Many closets in home and ample storage space. easy pull down step access to attic. Finished basement with wet bar, Mini fridge, fireplace front with electric heater and blower, half bath and separate shower and glass block windows. Aluminum sided exterior, Gutter guards, double car garage. Partial back wall Waterproofing with Transferable Warranty just completed.