1608 Euclid AveLorainOH44052
Nearby investment properties with comparable rents
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
Rental property for sale in Lorain at 1608 Euclid Ave, Lorain, OH, 44052 priced at $148,500 converts $1,500/mo rent into $523/mo cash flow after a $727/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $6,276/yr on $49,228 invested. Return on cash invested prints 32.66% in year one, and rental yield reads 12.12% against a $148,500 entry. Equity gained on principal adds $958/yr, while 5% annual appreciation compiles into $41,028 by year five. Five-year ROI reaches 171.81% and total cumulative return in cash sums $84,579. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $727/mo payment, not borrower’s personal income.
Single Family
Built in 1954
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janet R Beane • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110135
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