1510 W 28th St, Lorain, OH, 44052 | $501/mo Cash Flow

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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 1510 W 28th St, Lorain, OH, 44052 uses $57,018 cash to close to unlock $6,018/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,633/mo, and a $842/mo payment keeps the spread at $501/mo. Purchase price stands at $172,000, and rental yield measures 11.39% with $1,633/mo rent. Return on cash invested shows 30.46% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 159.99% and total cumulative return in cash records $91,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $842/mo payment rather than investor’s personal income.

Single Family

Built in 1959

8,712 sqft lot

$N/A/sqft

No HOA