710 W 18th St,Lorain,OH,44052

Investment Highlights

Investment property for sale in Lorain at 710 W 18th St, Lorain, OH, 44052 offers a 9.6% rental yield on a $114,900 purchase with $919/mo rent. Total monthly income registers $919/mo, and a $562/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,963/yr on $38,089 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 131.03% and total cumulative return in cash at $49,910. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $919/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.