3760 Freedom PlLorainOH44053
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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
Rental property for sale in Lorain at 3760 Freedom Pl, Lorain, OH, 44053 offers $1,200/mo rent that, after a $1,104/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 8.57% in year one, and rental yield stands at 6.38% at a $225,580 entry. Equity gained on principal adds $1,456/yr while 5% annual appreciation compounds into $62,324 by year five. Five-year ROI records 45.03% and total cumulative return in cash reaches $33,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $1,104/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
1,306 sqft lot
$N/A/sqft
$423 monthly 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
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