1877 E 39th Ct, Lorain, OH, 44055 | $508/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1877 E 39th Ct, Lorain, OH, 44055 | $508/mo Cash Flow | Ziffy

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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 1877 E 39th Ct, Lorain, OH, 44055 listed at $159,900 pairs $1,560/mo rent with a $783/mo payment to leave $508/mo cash flow. Total monthly income runs $1,560/mo, and annual cash flow reaches $6,094/yr on $53,007 cash to close. Return on cash invested measures 31.41% in year one, and rental yield registers 11.71% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 165.02% and total cumulative return in cash totals $87,474. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1969

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming ranch home with a full basement that offers excellent potential for additional living space and abundant storage. Many recent updates make this home truly move-in ready, including: new furnace and air conditioner (2023), fresh landscaping (2023), a fully updated master bath with a new walk-in shower (2023), kitchen paint and tile (2023), new stove and refrigerator (2023), laminate flooring and living room carpet (2025), and patio/deck improvements with new stain and stairs (20242025). A spacious 20' x 12' shed (2024) provides plenty of storage for tools and hobbies. Inside, the kitchen boasts wood cabinets and an island for ample storage and prep space. Ceiling fans add comfort throughout, while the large covered front porch creates a warm and welcoming entry. Schedule your private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44055, Lorain, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,704 (100%)
Owner Occupied HU	4,106 (47.2%)
Renter Occupied HU	3,726 (42.8%)
Vacant Housing Units	872 (10.0%)
Median Home Value	$101,932
Average Home Value	$142,395