1301 Lake AveElyriaOH44035
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Nearby investment properties with comparable prices
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 1301 Lake Ave, Elyria, OH, 44035 earns $198/mo cash flow from $1,264/mo rent with a $793/mo payment. Total monthly income totals $1,264/mo, and annual cash flow totals $2,380/yr on $53,703 capital. ROI tracks 24.34% on current figures, and rental yield reads 9.36% at a $162,000 purchase. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 over five years. Five-year ROI reaches 127.15% and total cumulative return in cash sums $68,285. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,264/mo property income instead of your personal income.
Single Family
Built in 1948
8,276 sqft lot
$N/A/sqft
No 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: Judy Wargo • MAC Realty, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5127465
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