409 Gulf RdElyriaOH44035
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 Elyria at 409 Gulf Rd, Elyria, OH, 44035 priced at $145,000 converts $1,056/mo rent into $102/mo cash flow after a $710/mo obligation. Total monthly income equals $1,056/mo, and annual cash flow totals $1,223/yr on $48,068 invested. Return on cash invested prints 22.45% in year one, and rental yield reads 8.74% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 117% and total cumulative return in cash sums $56,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,056/mo property income covering a $710/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,534 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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Nearby investment properties with comparable prices
Listed by: Dawn M Balog • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5134985
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