321 W 8th St, Lorain, OH, 44052 | $441/mo Cash Flow

For Sale

Currently Rented

Rental Income

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 321 W 8th St, Lorain, OH, 44052 offers a 12.3% rental yield on a $120,000 purchase with $1,230/mo rent. Total monthly income registers $1,230/mo, and a $587/mo payment leaves $441/mo available for distribution. Annual cash flow reaches $5,292/yr on $39,780 to close, and return on cash invested stands at 33.21% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 174.68% and total cumulative return in cash at $69,487. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,230/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1900

7,405 sqft lot

$N/A/sqft

No HOA