2375 E 42nd StLorainOH44055
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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
Investment property for sale in Lorain at 2375 E 42nd St, Lorain, OH, 44055 listed at $139,000 pairs $1,111/mo rent with a $680/mo payment to leave $197/mo cash flow. Total monthly income runs $1,111/mo, and annual cash flow reaches $2,364/yr on $46,079 cash to close. Return on cash invested measures 25.04% in year one, and rental yield registers 9.59% at a $139,000 basis. Equity gained on principal adds $897/yr, and annual property appreciation at 5% supports $38,403 by year five. Five-year ROI tracks 130.99% and total cumulative return in cash totals $60,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,111/mo property income relative to a $680/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
4,791 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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Nearby investment properties with comparable prices
Listed by: Dawn M Balog • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5126129
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