390 Hilliard RdElyriaOH44035
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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 Elyria at 390 Hilliard Rd, Elyria, OH, 44035 offers $1,559/mo rent that, after a $854/mo payment, leaves $411/mo cash flow. Total monthly income is $1,559/mo, and annual cash flow is $4,935/yr on $57,847 cash. Return on cash invested measures 28.44% in year one, and rental yield stands at 10.72% at a $174,500 entry. Equity gained on principal adds $1,126/yr while 5% annual appreciation compounds into $48,211 by year five. Five-year ROI records 149.16% and total cumulative return in cash reaches $86,286. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,559/mo property income versus a $854/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,969 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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