4022 Gregus AveLorainOH44055
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Lorain rental at 4022 Gregus Ave, Lorain, OH, 44055 sits in the solid-income band: 12.1% gross yield, $1,220/mo rent, $424/mo net after the $544/mo debt service, DSCR 2.24. Entry price of $121,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $33,430 and $1,114/yr in principal reduction bring total cumulative return to $73,429.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 5.8% |
| Monthly Cash Flow | $424 | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,220 |
| Total Monthly Debt Service | $748 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44055, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 4,106 (47.2%) |
| Renter Occupied HU | 3,726 (42.8%) |
| Vacant Housing Units | 872 (10.0%) |
| Median Home Value | $101,932 |
| Average Home Value | $142,395 |
Housing Distribution
Address Breakdown
Residential
7,731
Single Family
7,308
Multi-Family
423
Businesses
373
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
Single Family
Built in 1949
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44055, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 4,106 (47.2%) |
| Renter Occupied HU | 3,726 (42.8%) |
| Vacant Housing Units | 872 (10.0%) |
| Median Home Value | $101,932 |
| Average Home Value | $142,395 |
Housing Distribution
Address Breakdown
Residential
7,731
Single Family
7,308
Multi-Family
423
Businesses
373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Beirne • Opendoor Brokerage LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5075969
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