229 River Run DrElyriaOH44035
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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
Investment Highlights
Rental property for sale in Elyria at 229 River Run Dr, Elyria, OH, 44035 priced at $298,500 pairs $2,340/mo rent with $352/mo cash flow after a $1,461/mo payment. Total monthly income equals $2,340/mo, and annual cash flow comes to $4,218/yr on $98,953 invested. Return on cash invested is 24.17% in year one, and rental yield stands at 9.41% on a $298,500 basis. Equity gained on principal adds $1,926/yr, and 5% annual appreciation accumulates to $82,470 by year five. Five-year ROI measures 126.34% and total cumulative return in cash reaches $125,013. For financing, Ziffy Mortgage’s DSCR program evaluates $2,340/mo property income against a $1,461/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,473 sqft lot
$N/A/sqft
$300 annually HOA
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
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