449 Harbor Ln #2LorainOH44052
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 449 Harbor Ln #2, Lorain, OH, 44052 in Lorain worth study. Rental yield 2.3%. The 2.3% gross yield is below cash-flow benchmarks at $609,900, but 5% annual appreciation, adding $168,504 over five years, frames this as a capital growth position. Rent of $1,170/mo partially offsets the $2,742/mo payment. Ziffy Mortgage finances appreciation-play properties (0.43 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $42,883.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.3% | 5.8% |
| Monthly Cash Flow | $(2,952) | $420 |
City averages based on Lorain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,170 |
| Total Monthly Debt Service | $3,879 |
| DSCR Ratio | 0.30x |
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.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$110 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
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$110 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices