30646 Lorain Rd, North Olmsted, OH, 44070 | $207/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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30646 Lorain Rd, North Olmsted, OH, 44070 | $207/mo Cash Flow | Ziffy

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

Rental property for sale in North Olmsted at 30646 Lorain Rd, North Olmsted, OH, 44070 generates $1,227/mo in rent and, after a $759/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,227/mo, and annual cash flow is $2,485/yr on $51,383 invested. Return on cash invested sits at 24.75% in year one, and rental yield is 9.5% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 129.37% and total cumulative return in cash sums $66,472. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,227/mo property income rather than buyer’s personal income.

Single Family

Built in 1947

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming and move-in ready 2 bedroom(possible third in attic), 1 bath bungalow offering comfort, updates, and great potential. The inviting living room features newer carpet (2021), neutral tones, a high-definition antenna connection, and access to a covered front porch. The updated kitchen includes vinyl plank flooring, laminate countertops, an under-sink RO water system installed in March 2025, and the refrigerator and stove will stay. Both first-floor bedrooms offer neutral paint and carpet replaced in 2021. The full bath was updated in 2021 with new paint, vanity and toliet. The walk-up attic provides abundant storage space along with the possibility of finishing it for an additional living area. There currently is a room with a closet that could become a potential bedroom. The clean basement features a stationary sink, washer (2022), dryer (2016), and an old shower stall that is now a convenient dog wash area. Outside youll find a one-car garage and a large backyard with a firepit, perfect for relaxing or entertaining. Major updates include a new roof in 2023, electrical upgrades in 2022 to the existing electrical with a new panel, GFCI outlets where needed, a replaced mast, and a new line to the attic. The hot water tank was replaced in 2013. This home is truly ready for the next owner to enjoy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44070, North Olmsted, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,298 (100%)
Owner Occupied HU	10,418 (72.9%)
Renter Occupied HU	3,234 (22.6%)
Vacant Housing Units	646 ( 4.5%)
Median Home Value	$219,250
Average Home Value	$237,989