445 Harbor Ln #1LorainOH44052
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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 445 Harbor Ln #1, Lorain, OH, 44052 listed at $609,900 pairs $1,378/mo rent with a $2,985/mo payment. Total monthly income runs $1,378/mo. Return on cash invested measures 3.68% in year one, and rental yield registers 2.71% at a $609,900 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,504 by year five. Five-year ROI tracks 16.54% and total cumulative return in cash totals $33,192. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,378/mo property income relative to a $2,985/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
2,034 sqft lot
$N/A/sqft
$105 monthly HOA
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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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