2247 Garfield BlvdLorainOH44052
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2247 Garfield Blvd, Lorain, OH, 44052 in Lorain is a top-tier cash-flow asset. At $149,900 it produces $1,543/mo in rent and $557/mo in net monthly income, a 12.35% gross rental yield. The DSCR of 2.29 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $6,684. Five-year appreciation adds $41,415, driving a total cumulative return of $92,963.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 5.8% |
| Monthly Cash Flow | $557 | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,543 |
| Total Monthly Debt Service | $926 |
| DSCR Ratio | 1.67x |
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 1952
7,405 sqft lot
$N/A/sqft
No HOA
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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
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices