538 Stanford AveElyriaOH44035
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Nearby investment properties with comparable prices
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 538 Stanford Ave, Elyria, OH, 44035 with 5% annual appreciation on a $179,777 basis while $1,417/mo rent supports operations. Total monthly income totals $1,417/mo and a $880/mo payment preserves $234/mo for cash returns. Annual cash flow comes to $2,812/yr on $59,596 deployed, and return on cash invested reaches 24.63% in year one. Equity gained on principal adds $1,160/yr, and five-year appreciation sums $49,669 alongside rental yield of 9.46%. Five-year ROI measures 128.72% and total cumulative return in cash totals $76,711.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,417/mo property income versus a $880/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
6,969 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $179,777 |
| 2025-07-02 | Pending sale | $179,777 |
| 2025-06-26 | Price change | $179,777 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-03 | $1767.54 | 6.87% | $37,350 | 23.06% |
| 2023-11-03 | $1653.92 | 0.37% | $30,350 | N/A |
| 2022-11-03 | $1647.84 | -0.24% | $30,350 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1957
- Architectural Style: Ranch
- Building Area: 1,139
- Living Area: 1,139 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
- Exterior Features: Playground, Private Yard
- Parking Features: Attached, Concrete, Driveway, Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Amanda J Dunn • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5133176
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