449 Harbor Ln, Lorain, OH, 44052 | 2.38% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lorain at 449 Harbor Ln, Lorain, OH, 44052 offers $1,170/mo rent that, after a $2,888/mo payment. Total monthly income is $1,170/mo. Return on cash invested measures 3.3% in year one, and rental yield stands at 2.38% at a $590,000 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $163,006 by year five. Five-year ROI records 14.25% and total cumulative return in cash reaches $27,664. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,170/mo property income versus a $2,888/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2024

1,633 sqft lot

$N/A/sqft

No HOA