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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elyria at 229 13th St, Elyria, OH, 44035 listed at $165,000 pairs $1,378/mo rent with a $808/mo payment to leave $292/mo cash flow. Total monthly income runs $1,378/mo, and annual cash flow reaches $3,507/yr on $54,698 cash to close. Return on cash invested measures 26.32% in year one, and rental yield registers 10.02% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 137.8% and total cumulative return in cash totals $75,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,378/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44035, Elyria, OH area.
| 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 |
Residential
28,707
Single Family
24,750
Multi-Family
3,957
Businesses
1,724
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $165,000 |
| 2024-04-24 | Sold | $35,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-23 | $839.97 | 2.52% | $23,840 | N/A |
| 2022-04-23 | $819.30 | -3.12% | $23,840 | N/A |
| 2021-04-23 | $845.65 | 1.39% | $23,840 | 9.11% |
Listed by: Faith A Gegen • CENTURY 21 Asa Cox Homes
Mls Name: MLS Now
Mls Provider:
Mls ID: #5115483
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.
