321 W 8th StLorainOH44052
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Lorain rental at 321 W 8th St, Lorain, OH, 44052 sits in the solid-income band: 12.3% gross yield, $1,230/mo rent, $441/mo net after the $540/mo debt service, DSCR 2.28. Entry price of $120,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $33,154 and $1,105/yr in principal reduction bring total cumulative return to $74,037.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 5.8% |
| Monthly Cash Flow | $441 | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,230 |
| Total Monthly Debt Service | $742 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
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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
Multi Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices