537 3rd StElyriaOH44035
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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 Elyria at 537 3rd St, Elyria, OH, 44035 uses $34,774 cash to close to unlock $1,589/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $822/mo, and a $513/mo payment keeps the spread at $132/mo. Purchase price stands at $104,900, and rental yield measures 9.4% with $822/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 127.94% and total cumulative return in cash records $44,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $822/mo property income covering a $513/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44035, Elyria, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,060 (100%) |
| Owner Occupied HU | 17,525 (58.3%) |
| Renter Occupied HU | 10,366 (34.5%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $163,574 |
| Average Home Value | $187,977 |
Housing Distribution
Address Breakdown
Residential
28,707
Single Family
24,750
Multi-Family
3,957
Businesses
1,724
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