237 Marseilles AveElyriaOH44035
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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 237 Marseilles Ave, Elyria, OH, 44035 generates $849/mo in rent and, after a $553/mo payment, leaves $106/mo in cash flow. Total monthly income is $849/mo, and annual cash flow is $1,271/yr on $37,426 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 9.02% on a $112,900 entry. Equity gained on principal adds $729/yr, while 5% annual appreciation builds toward $31,192 over five years. Five-year ROI reaches 121.55% and total cumulative return in cash sums $45,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $849/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
4,791 sqft lot
$N/A/sqft
No 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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Listed by: Ralph Mercado • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5112046
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