2025 W River RdElyriaOH44035
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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 Elyria at 2025 W River Rd, Elyria, OH, 44035 generates $1,322/mo in rent and, after a $954/mo payment, leaves $40/mo in cash flow. Total monthly income is $1,322/mo, and annual cash flow is $477/yr on $64,643 invested. Return on cash invested sits at 20.65% in year one, and rental yield is 8.14% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 107.31% and total cumulative return in cash sums $69,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,322/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.45 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44035, Elyria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,060 (100%) |
| Owner Occupied HU | 17,525 (58.3%) |
| Renter Occupied HU | 10,366 (34.5%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $163,574 |
| Average Home Value | $187,977 |
Housing Distribution
Address Breakdown
Residential
28,707
Single Family
24,750
Multi-Family
3,957
Businesses
1,724
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-09 | Sold | $195,000 |
| 2025-05-12 | Contingent | $160,000 |
| 2025-05-08 | Listed for sale | $160,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $1986.03 | 21.84% | $47,650 | 48.30% |
| 2023-10-17 | $1630.03 | 0.76% | $32,130 | N/A |
| 2022-10-17 | $1617.66 | 0.04% | $32,130 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: Ranch
- Building Area: 2,136
- Living Area: 2,136 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Ceiling Fan(s)
- Exterior Features: N/A
- Parking Features: Driveway, Garage, Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jessica Felty • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5120970
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