2048 Grafton Rd, Elyria, OH, 44035 | $192/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2048 Grafton Rd, Elyria, OH, 44035 | $192/mo Cash Flow | Ziffy

For Sale

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 Elyria at 2048 Grafton Rd, Elyria, OH, 44035 uses $44,753 cash to close to unlock $2,301/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $661/mo payment keeps the spread at $192/mo. Purchase price stands at $135,000, and rental yield measures 9.6% with $1,080/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 130.93% and total cumulative return in cash records $58,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $661/mo payment rather than investor’s personal income.

Single Family

Built in 1926

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Property Opportunity! This 1926 single-structure offers 2 bedrooms, 1 bath, and 1,125 square feet of living space on a pleasant 0.33-acre lot. Major systems are up-to-date, including a recently installed septic system and a structurally sound roof with current repairs completed. New laminate floating floors have been laid throughout the interior, preserving the original hardwood beneath. Featuring a functional kitchen and a full, unfinished basement, this vacant property is ready for a new owner to add their personalized cosmetic touches. Heating is provided by a gas furnace, and cooling utilizes window AC units.

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