1951 E 39th 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 1951 E 39th St, Lorain, OH, 44055 listed at $190,000 pairs $1,457/mo rent with a $930/mo payment to leave $207/mo cash flow. Total monthly income runs $1,457/mo, and annual cash flow reaches $2,486/yr on $62,985 cash to close. Return on cash invested measures 23.86% in year one, and rental yield registers 9.2% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 124.58% and total cumulative return in cash totals $78,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,457/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
6,969 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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