4860 Oberlin AveLorainOH44053
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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 4860 Oberlin Ave, Lorain, OH, 44053 with 5% annual appreciation on a $104,500 basis while $1,849/mo rent supports operations. Total monthly income totals $1,849/mo and a $511/mo payment preserves $1,131/mo for cash returns. Annual cash flow comes to $13,567/yr on $34,642 deployed, and return on cash invested reaches 59.07% in year one. Equity gained on principal adds $674/yr, and five-year appreciation sums $28,871 alongside rental yield of 21.23%. Five-year ROI measures 313.84% and total cumulative return in cash totals $108,721.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,849/mo property income versus a $511/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No 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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