4215 Meadow LnLorainOH44055
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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
Investment property for sale in Lorain at 4215 Meadow Ln, Lorain, OH, 44055 offers a 11.49% rental yield on a $162,900 purchase with $1,560/mo rent. Total monthly income registers $1,560/mo, and a $797/mo payment leaves $489/mo available for distribution. Annual cash flow reaches $5,865/yr on $54,001 to close, and return on cash invested stands at 30.77% in year one. Equity gained on principal adds $1,051/yr while 5% annual appreciation supports $45,006 over five years. Portfolio math shows five-year ROI at 161.62% and total cumulative return in cash at $87,276. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $797/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,098 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
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