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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 433 University Ave, Elyria, OH, 44035 priced at $230,000 pairs $1,545/mo rent with $32/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,545/mo, and annual cash flow comes to $382/yr on $76,245 invested. Return on cash invested is 20.41% in year one, and rental yield stands at 8.06% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 106.04% and total cumulative return in cash reaches $80,851. For financing, Ziffy Mortgage’s DSCR program evaluates $1,545/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
9,583 sqft 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 |
|---|---|---|
| 2025-05-30 | Listed for sale | $230,000 |
| 2019-02-11 | Listing removed | $149,099 |
| 2018-11-26 | Price change | $149,099 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-31 | $3142.35 | 1.68% | $56,920 | N/A |
| 2022-05-31 | $3090.46 | -1.02% | $56,920 | N/A |
| 2021-05-31 | $3122.35 | 1.97% | $56,920 | 18.12% |
Listed by: Faith A Gegen • CENTURY 21 Asa Cox Homes
Mls Name: MLS Now
Mls Provider:
Mls ID: #5112509
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.
