230 Stanford AveElyriaOH44035
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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
Rental property for sale in Elyria at 230 Stanford Ave, Elyria, OH, 44035 offers $1,559/mo rent that, after a $879/mo payment, leaves $378/mo cash flow. Total monthly income is $1,559/mo, and annual cash flow is $4,534/yr on $59,504 cash. Return on cash invested measures 27.53% in year one, and rental yield stands at 10.42% at a $179,500 entry. Equity gained on principal adds $1,158/yr while 5% annual appreciation compounds into $49,593 by year five. Five-year ROI records 144.22% and total cumulative return in cash reaches $85,816. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,559/mo property income versus a $879/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,791 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 |
|---|---|---|
| 2024-10-01 | Price change | $179,500 |
| 2024-09-17 | Listed for sale | $183,900 |
| 1996-11-27 | Sold | $95,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $2102.74 | 0.37% | $38,580 | N/A |
| 2022-10-14 | $2095.02 | -0.24% | $38,580 | N/A |
| 2021-10-14 | $2100.16 | 3.99% | $38,580 | 16.91% |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1920
- Architectural Style: Colonial
- Building Area: 1,272
- Living Area: 1,272 sqft
- Property Condition: Unknown
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Pantry, Natural Woodwork
- Exterior Features: N/A
- Parking Features: Additional Parking, Concrete, Driveway, Detached, Electricity, Garage Faces Front, Garage, Garage Door Opener, Deck
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: #5070652
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