5310 Ashland 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 5310 Ashland Ave, Lorain, OH, 44053 uses $62,322 cash to close to unlock $3,090/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,494/mo, and a $920/mo payment keeps the spread at $258/mo. Purchase price stands at $188,000, and rental yield measures 9.54% with $1,494/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 129.95% and total cumulative return in cash records $80,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.32 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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