5614 Nantucket DrLorainOH44053
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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
Rental property for sale in Lorain at 5614 Nantucket Dr, Lorain, OH, 44053 generates $1,512/mo in rent and, after a $1,077/mo payment, leaves $65/mo in cash flow. Total monthly income is $1,512/mo, and annual cash flow is $776/yr on $72,930 invested. Return on cash invested sits at 20.97% in year one, and rental yield is 8.25% on a $219,999 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 109.07% and total cumulative return in cash sums $79,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,512/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
7,405 sqft 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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