2780 Oberlin Ave,Lorain,OH,44052

Investment Highlights

Investment property for sale in Lorain at 2780 Oberlin Ave, Lorain, OH, 44052 offers a 10.75% rental yield on a $167,500 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $820/mo payment leaves $398/mo available for distribution. Annual cash flow reaches $4,776/yr on $55,526 to close, and return on cash invested stands at 28.51% in year one. Equity gained on principal adds $1,081/yr while 5% annual appreciation supports $46,277 over five years. Portfolio math shows five-year ROI at 149.56% and total cumulative return in cash at $83,044. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $820/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.