3350 Grant StLorainOH44052
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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
Investment Highlights
Investment property for sale in Lorain at 3350 Grant St, Lorain, OH, 44052 uses $39,449 cash to close to unlock $1,328/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $893/mo, and a $582/mo payment keeps the spread at $111/mo. Purchase price stands at $119,000, and rental yield measures 9.01% with $893/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 121.45% and total cumulative return in cash records $47,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $893/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Kristin McAdams • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110217
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