262-264 E Broad 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
Investment property for sale in Elyria at 262-264 E Broad St, Elyria, OH, 44035 uses $43,062 cash to close to unlock $6,016/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $636/mo payment keeps the spread at $501/mo. Purchase price stands at $129,900, and rental yield measures 12.53% with $1,356/mo rent. Return on cash invested shows 33.88% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 178.34% and total cumulative return in cash records $76,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $636/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-02 | Listed for sale | $129,900 |
| 2021-01-20 | Listing removed | N/A |
| 2020-05-12 | Price change | $109,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1900
- Architectural Style: N/A
- Building Area: 3,670
- Living Area: 3,670 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Gas
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, Garage
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Marissa Rosen • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5127714
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