2947 Colorado Ave, Lorain, OH, 44052 | $104/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lorain at 2947 Colorado Ave, Lorain, OH, 44052 uses $36,432 cash to close to unlock $1,248/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $827/mo, and a $538/mo payment keeps the spread at $104/mo. Purchase price stands at $109,900, and rental yield measures 9.03% with $827/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 121.72% and total cumulative return in cash records $44,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $827/mo property income covering a $538/mo payment rather than investor’s personal income.

Single Family

Built in 1951

7,405 sqft lot

$N/A/sqft

No HOA