2311 E 29th StLorainOH44055
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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
Investment property for sale in Lorain at 2311 E 29th St, Lorain, OH, 44055 listed at $108,000 pairs $829/mo rent with a $529/mo payment to leave $118/mo cash flow. Total monthly income runs $829/mo, and annual cash flow reaches $1,418/yr on $35,802 cash to close. Return on cash invested measures 23.87% in year one, and rental yield registers 9.21% at a $108,000 basis. Equity gained on principal adds $697/yr, and annual property appreciation at 5% supports $29,838 by year five. Five-year ROI tracks 124.71% and total cumulative return in cash totals $44,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $829/mo property income relative to a $529/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44055, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 4,106 (47.2%) |
| Renter Occupied HU | 3,726 (42.8%) |
| Vacant Housing Units | 872 (10.0%) |
| Median Home Value | $101,932 |
| Average Home Value | $142,395 |
Housing Distribution
Address Breakdown
Residential
7,731
Single Family
7,308
Multi-Family
423
Businesses
373
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