545 E Broad StElyriaOH44035
Nearby investment properties with comparable rents
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 545 E Broad St, Elyria, OH, 44035 with 5% annual appreciation on a $169,900 basis while $1,335/mo rent supports operations. Total monthly income totals $1,335/mo and a $832/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,604/yr on $56,322 deployed, and return on cash invested reaches 24.53% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 9.43%. Five-year ROI measures 128.14% and total cumulative return in cash totals $72,170.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,335/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices