223 8th StElyriaOH44035
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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
Investment property for sale in Elyria at 223 8th St, Elyria, OH, 44035 listed at $149,900 pairs $1,346/mo rent with a $734/mo payment to leave $360/mo cash flow. Total monthly income runs $1,346/mo, and annual cash flow reaches $4,316/yr on $49,692 cash to close. Return on cash invested measures 28.59% in year one, and rental yield registers 10.78% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 149.96% and total cumulative return in cash totals $74,519. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,346/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
3,484 sqft 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 |
|---|---|---|
| 2025-07-25 | Sold | $149,900 |
| 2025-07-22 | Pending sale | $149,900 |
| 2025-07-20 | Listed for sale | $149,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1581.56 | 16.04% | $33,420 | 33.63% |
| 2023-10-24 | $1362.92 | 0.37% | $25,010 | N/A |
| 2022-10-24 | $1357.92 | -0.24% | $25,010 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1999
- Architectural Style: Cape Cod
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Laminate Counters, Storage, Natural Woodwork
- Exterior Features: N/A
- Parking Features: Concrete, Detached, Garage Faces Front, Garage, Parking Pad, Shared Driveway, On Street
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: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jackie Meinke • House to Home Real Estate Professionals, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5131020
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