248 Connecticut DrElyriaOH44035
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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 Elyria at 248 Connecticut Dr, Elyria, OH, 44035 uses $37,443 cash to close to unlock $9,790/yr annual cash flow and $816/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $553/mo payment keeps the spread at $816/mo. Purchase price stands at $112,949, and rental yield measures 16.56% with $1,559/mo rent. Return on cash invested shows 46.06% in year one, and 5% annual appreciation builds toward $31,206 over five years. Five-year ROI reaches 243.58% and total cumulative return in cash records $91,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $553/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A 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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