4627 Fields WayLorainOH44053
Nearby investment properties with comparable rents
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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
Rental property for sale in Lorain at 4627 Fields Way, Lorain, OH, 44053 priced at $347,000 pairs $1,494/mo rent with after a $1,698/mo payment. Total monthly income equals $1,494/mo. Return on cash invested is 11.37% in year one, and rental yield stands at 5.17% on a $347,000 basis. Equity gained on principal adds $2,239/yr, and 5% annual appreciation accumulates to $95,870 by year five. Five-year ROI measures 57.68% and total cumulative return in cash reaches $66,344. For financing, Ziffy Mortgage’s DSCR program evaluates $1,494/mo property income against a $1,698/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2009
5,880 sqft lot
$N/A/sqft
$365 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44053, Lorain, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,893 (100%) |
| Owner Occupied HU | 6,090 (61.6%) |
| Renter Occupied HU | 3,174 (32.1%) |
| Vacant Housing Units | 629 ( 6.4%) |
| Median Home Value | $216,801 |
| Average Home Value | $251,076 |
Housing Distribution
Address Breakdown
Residential
9,715
Single Family
7,830
Multi-Family
1,885
Businesses
424
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Nearby investment properties with comparable prices
Listed by: Tanas R Wilcox • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5065097
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