1259 E Erie Ave, Lorain, OH, 44052 | $485/mo Cash Flow

For Sale

Currently Rented

Airbnb Potential

Rental Income

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 1259 E Erie Ave, Lorain, OH, 44052 at $129,900 posts ROI 33.43% with $485/mo cash flow from $1,340/mo rent. Total monthly income equals $1,340/mo, and annual cash flow records $5,824/yr on $43,062 to close. Return on cash invested measures 33.43% and rental yield reads 12.38% at the current $129,900. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 by year five. Five-year ROI prints 175.97% and total cumulative return in cash totals $75,775.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1900

8,712 sqft lot

$N/A/sqft

No HOA