3103 Colorado Ave,Lorain,OH,44052

Investment Highlights

Rental property for sale in Lorain at 3103 Colorado Ave, Lorain, OH, 44052 generates $1,519/mo in rent and, after a $685/mo payment, leaves $598/mo in cash flow. Total monthly income is $1,519/mo, and annual cash flow is $7,180/yr on $46,410 invested. Return on cash invested sits at 35.38% in year one, and rental yield is 13.02% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 186.37% and total cumulative return in cash sums $86,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,519/mo property income rather than buyer’s personal income.