261 Oakwood StElyriaOH44035
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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 261 Oakwood St, Elyria, OH, 44035 priced at $119,700 pairs $1,651/mo rent with $677/mo cash flow after a $586/mo payment. Total monthly income equals $1,651/mo, and annual cash flow comes to $8,122/yr on $39,681 invested. Return on cash invested is 40.38% in year one, and rental yield stands at 16.55% on a $119,700 basis. Equity gained on principal adds $772/yr, and 5% annual appreciation accumulates to $33,071 by year five. Five-year ROI measures 215.19% and total cumulative return in cash reaches $85,389. For financing, Ziffy Mortgage’s DSCR program evaluates $1,651/mo property income against a $586/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
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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