6215 Hidden Creek Dr APT 119, Lorain, OH, 44053 | $321/mo Cash Flow

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6215 Hidden Creek Dr APT 119, Lorain, OH, 44053 | $321/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lorain at 6215 Hidden Creek Dr APT 119, Lorain, OH, 44053 offers a 10.87% rental yield on a $129,000 purchase with $1,169/mo rent. Total monthly income registers $1,169/mo, and a $631/mo payment leaves $321/mo available for distribution. Annual cash flow reaches $3,850/yr on $42,764 to close, and return on cash invested stands at 28.91% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 151.62% and total cumulative return in cash at $64,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,169/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1993

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

This quaint and cozy condo has a welcoming ranch layout that you'll be sure to fancy! The home is nestled right up to a wooded area where the Fall foliage and back yard creek is sure to offer many moments of serenity as you relax out on any of the THREE decks this home offers. The spacious primary suite houses the laundry room and has an en-suite full bath with jetted tub. The second bedroom offers privacy and enjoyment for your guests and has it's own attached deck, a full en-suite bathroom with walk in shower as well. The family room has a gas fireplace and opens up to the dining room, which is right off of the kitchen. As the owner, you have your own assigned storage unit and one car detached garage space. Tour today and make easier living your reality with this condo as your new home.

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