3794 Freedom PlLorainOH44053
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
Investment Highlights
Rental property for sale in Lorain at 3794 Freedom Pl, Lorain, OH, 44053 priced at $224,800 converts $1,200/mo rent into after a $1,100/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 13.41% in year one, and rental yield reads 6.41% against a $224,800 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,108 by year five. Five-year ROI reaches 69.25% and total cumulative return in cash sums $51,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,100/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
1,306 sqft lot
$N/A/sqft
$1,501 annually 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