721 Cedar Crest DrElyriaOH44035
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
Rental property for sale in Elyria at 721 Cedar Crest Dr, Elyria, OH, 44035 priced at $389,700 pairs $1,080/mo rent with after a $1,907/mo payment. Total monthly income equals $1,080/mo. Return on cash invested is 4.09% in year one, and rental yield stands at 3.33% on a $389,700 basis. Equity gained on principal adds $2,515/yr, and 5% annual appreciation accumulates to $107,667 by year five. Five-year ROI measures 19.25% and total cumulative return in cash reaches $24,862. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $1,907/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
7,366 sqft lot
$N/A/sqft
$220 monthly 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
Listed by: Joan Elflein • Ohio Broker Direct
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110733
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.