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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elyria at 39623 Butternut Ridge Rd, Elyria, OH, 44035 generates $2,185/mo in rent and, after a $1,297/mo payment, leaves $442/mo in cash flow. Total monthly income is $2,185/mo, and annual cash flow is $5,303/yr on $87,848 invested. Return on cash invested sits at 25.95% in year one, and rental yield is 9.89% 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 135.72% and total cumulative return in cash sums $119,223. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,185/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44035, Elyria, OH area.
| 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 |
Residential
28,707
Single Family
24,750
Multi-Family
3,957
Businesses
1,724
Date | Event | Price |
|---|---|---|
| 2025-08-28 | Sold | $265,000 |
| 2025-07-22 | Pending sale | $249,900 |
| 2025-07-17 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $2881.89 | 38.94% | $74,110 | 45.80% |
| 2023-10-20 | $2074.15 | -0.63% | $50,830 | N/A |
| 2022-10-20 | $2087.34 | -0.23% | $50,830 | N/A |
Listed by: Kenneth Keiffer • Northern Ohio Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5140870
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.
