210 15th St, Elyria, OH, 44035 | $513/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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210 15th St, Elyria, OH, 44035 | $513/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 210 15th St, Elyria, OH, 44035 earns $513/mo cash flow from $1,559/mo rent with a $778/mo payment. Total monthly income totals $1,559/mo, and annual cash flow totals $6,160/yr on $52,709 capital. ROI tracks 31.6% on current figures, and rental yield reads 11.77% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 166.08% and total cumulative return in cash sums $87,540. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,559/mo property income instead of your personal income.

Single Family

Built in 1943

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming and cozy 3-bedroom bungalow that blends comfort, practicality, and classic character. Situated on a spacious property, this home not only offers inviting living spaces but also includes a vacant lot, providing outstanding potential for expansion, gardening, recreation, or future development. Inside, the single-level floor plan features 1.5 baths. ensuring convenience for both residents and guests. The main living area is filled with natural light, creating a warm and welcoming atmosphere perfect for relaxing or hosting. The kitchen offers ample counter space and cabinetry, making everyday cooking simple and enjoyable. Each of the three bedrooms is comfortably sized, offering versatility for family, guests, or a home office. The full bathroom is centrally located, while the additional half bath adds practicality to the layout. A major highlight is the full-size basement, offering abundant storage, a workshop area, or the opportunity to finish and add extra living space in the future. The property also includes a I-car garage for secure parking or storage and a yard that connects naturally to the extra vacant lot, a rare bonus that opens the door to endless possibilities. Whether you envision building an additional structure, expanding your outdoor living space, or simply enjoying the extra elbow room, this added land enhances the home's value and potential. Perfect for first-time buyers, downsizers, investors, or anyone seeking a home with space to grow, this bungalow offers charm, versatility, and excellent opportunity.

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