2220 W 13th StLorainOH44052
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Lorain rentals match the income profile of 2220 W 13th St, Lorain, OH, 44052. Listed at $187,500, gross rent is $1,868/mo and net cash flow is $635/mo, a 11.96% yield well above national averages. DSCR 2.22 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $51,803 by year five with $1,727/yr in annual principal reduction, projecting $112,294 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 5.8% |
| Monthly Cash Flow | $635 | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,868 |
| Total Monthly Debt Service | $1,159 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1923
4,508 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1923
4,508 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices