39535 Butternut Ridge 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 39535 Butternut Ridge Rd, Elyria, OH, 44035 generates $1,559/mo in rent, after a $1,297/mo payment. Total monthly income is $1,559/mo. Return on cash invested sits at 17.39% in year one, and rental yield is 7.06% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 89.86% and total cumulative return in cash sums $78,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,559/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.31 Acres 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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