353 8th StElyriaOH44035
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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 Elyria at 353 8th St, Elyria, OH, 44035 listed at $113,500 pairs $854/mo rent with a $556/mo payment to leave $107/mo cash flow. Total monthly income runs $854/mo, and annual cash flow reaches $1,283/yr on $37,625 cash to close. Return on cash invested measures 23.32% in year one, and rental yield registers 9.03% at a $113,500 basis. Equity gained on principal adds $732/yr, and annual property appreciation at 5% supports $31,358 by year five. Five-year ROI tracks 121.66% and total cumulative return in cash totals $45,774. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $854/mo property income relative to a $556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44035, Elyria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,060 (100%) |
| Owner Occupied HU | 17,525 (58.3%) |
| Renter Occupied HU | 10,366 (34.5%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $163,574 |
| Average Home Value | $187,977 |
Housing Distribution
Address Breakdown
Residential
28,707
Single Family
24,750
Multi-Family
3,957
Businesses
1,724
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