1304 Lakeview AveLorainOH44053
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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 Lorain at 1304 Lakeview Ave, Lorain, OH, 44053 listed at $114,000 pairs $959/mo rent with a $558/mo payment to leave $209/mo cash flow. Total monthly income runs $959/mo, and annual cash flow reaches $2,509/yr on $37,791 cash to close. Return on cash invested measures 26.55% in year one, and rental yield registers 10.09% at a $114,000 basis. Equity gained on principal adds $736/yr, and annual property appreciation at 5% supports $31,496 by year five. Five-year ROI tracks 139.07% and total cumulative return in cash totals $52,555. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $959/mo property income relative to a $558/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1944
3,920 sqft 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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