260 Columbus StElyriaOH44035
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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
Rental property for sale in Elyria at 260 Columbus St, Elyria, OH, 44035 priced at $138,999 converts $2,340/mo rent into $1,414/mo cash flow after a $680/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $16,973/yr on $46,078 invested. Return on cash invested prints 56.74% in year one, and rental yield reads 20.2% against a $138,999 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 301.05% and total cumulative return in cash sums $138,716. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.25 Acres 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: Carol A Tymchenko • Berkshire Hathaway HomeServices Simon & Salhany Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5063330
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