3047 Caroline AveLorainOH44055
Nearby investment properties with comparable rents
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 Lorain at 3047 Caroline Ave, Lorain, OH, 44055 at $147,000 posts ROI 35.84% with $647/mo cash flow from $1,684/mo rent. Total monthly income equals $1,684/mo, and annual cash flow records $7,765/yr on $48,731 to close. Return on cash invested measures 35.84% and rental yield reads 13.75% at the current $147,000. Equity gained on principal adds $949/yr, and 5% annual appreciation supports $40,613 by year five. Five-year ROI prints 189.52% and total cumulative return in cash totals $92,352.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,684/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44055, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 4,106 (47.2%) |
| Renter Occupied HU | 3,726 (42.8%) |
| Vacant Housing Units | 872 (10.0%) |
| Median Home Value | $101,932 |
| Average Home Value | $142,395 |
Housing Distribution
Address Breakdown
Residential
7,731
Single Family
7,308
Multi-Family
423
Businesses
373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dario Mormina • Keller Williams Citywide
Mls Name: MLS Now
Mls Provider:
Mls ID: #5120341
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