3225 Pickett RdLorainOH44053
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 3225 Pickett Rd, Lorain, OH, 44053 in Lorain. Priced at $237,000, it generates $2,587/mo in gross rent and $1,028/mo in net monthly cash flow, a 13.1% yield that comfortably supports the 2.43 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $12,339. Five-year appreciation: $65,479. Equity from principal paydown: $2,183/yr. Total projected cumulative return: $156,461.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 5.8% |
| Monthly Cash Flow | $1,028 | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,587 |
| Total Monthly Debt Service | $1,465 |
| DSCR Ratio | 1.77x |
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.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44053, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,893 (100%) |
| Owner Occupied HU | 6,090 (61.6%) |
| Renter Occupied HU | 3,174 (32.1%) |
| Vacant Housing Units | 629 ( 6.4%) |
| Median Home Value | $216,801 |
| Average Home Value | $251,076 |
Housing Distribution
Address Breakdown
Residential
9,715
Single Family
7,830
Multi-Family
1,885
Businesses
424
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
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44053, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,893 (100%) |
| Owner Occupied HU | 6,090 (61.6%) |
| Renter Occupied HU | 3,174 (32.1%) |
| Vacant Housing Units | 629 ( 6.4%) |
| Median Home Value | $216,801 |
| Average Home Value | $251,076 |
Housing Distribution
Address Breakdown
Residential
9,715
Single Family
7,830
Multi-Family
1,885
Businesses
424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices