449 Delaware Ave,Lorain,OH,44052

Investment Highlights

Rental property for sale in Lorain at 449 Delaware Ave, Lorain, OH, 44052 priced at $110,000 pairs $907/mo rent with $184/mo cash flow after a $538/mo payment. Total monthly income equals $907/mo, and annual cash flow comes to $2,206/yr on $36,465 invested. Return on cash invested is 25.96% in year one, and rental yield stands at 9.89% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 135.84% and total cumulative return in cash reaches $49,536. For financing, Ziffy Mortgage’s DSCR program evaluates $907/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.