445 Harbor Ln #1LorainOH44052
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 445 Harbor Ln #1, Lorain, OH, 44052 in Lorain at $609,900, 2.71% gross yield, is a market-growth asset. Rental yield 2.71%. The $1,378/mo rent partially funds the $2,742/mo debt service; the core return is the 5%/yr price growth projected to add $168,504 over five years. Ziffy Mortgage's DSCR mortgage (0.50) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $56,563.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 5.8% |
| Monthly Cash Flow | $(2,739) | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,378 |
| Total Monthly Debt Service | $3,874 |
| DSCR Ratio | 0.36x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 2024
2,034 sqft lot
$N/A/sqft
$105 monthly HOA
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
Condo
Built in 2024
2,034 sqft lot
$N/A/sqft
$105 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bonnie Phillips • Redfin Real Estate Corporation
Mls Name: MLS Now
Mls Provider:
Mls ID: #5098278
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