2342 Lexington Ave,Lorain,OH,44052

Investment Highlights

Rental property for sale in Lorain at 2342 Lexington Ave, Lorain, OH, 44052 offers $1,483/mo rent that, after a $719/mo payment, leaves $517/mo cash flow. Total monthly income is $1,483/mo, and annual cash flow is $6,199/yr on $48,731 cash. Return on cash invested measures 32.63% in year one, and rental yield stands at 12.11% at a $147,000 entry. Equity gained on principal adds $949/yr while 5% annual appreciation compounds into $40,613 by year five. Five-year ROI records 171.61% and total cumulative return in cash reaches $83,628. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,483/mo property income versus a $719/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.