1929 E 31st StLorainOH44055
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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 1929 E 31st St, Lorain, OH, 44055 uses $38,089 cash to close to unlock $4,735/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $562/mo payment keeps the spread at $395/mo. Purchase price stands at $114,900, and rental yield measures 12.01% with $1,150/mo rent. Return on cash invested shows 32.34% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 170.07% and total cumulative return in cash records $64,778. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $562/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,731
Single Family
7,308
Multi-Family
423
Businesses
373
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