742 Lakeside Ave, Lorain, OH, 44052 | $728/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1402 sft

12214 Thompson Rd, Vermilion, OH, 44089

3 Bed
2 Bath
1605 sft

5889 Cornell Ave, North Ridgeville, OH, 44039

3 Bed
1 Bath
- sft

1320 W 40th St, Lorain, OH, 44053

4 Bed
2 Bath
1625 sft

21113 Willow Ln, Strongsville, OH, 44149

Nearby investment properties with comparable prices

Investment Property+ 2 more

3 Bed
1 Bath
1882 sft

41174 Wilbur St, Elyria, OH, 44035

3 Bed
2 Bath
1459 sft

13601 Thompson Rd, Vermilion, OH, 44089

3 Bed
2 Bath
1374 sft

5211 Hecock Ave, Lorain, OH, 44055

2 Bed
1 Bath
820 sft

16445 Heather Ln #F101, Middleburg Heights, OH, 44130

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lorain at 742 Lakeside Ave, Lorain, OH, 44052 offers a 12.86% rental yield on a $175,900 purchase with $1,885/mo rent. Total monthly income registers $1,885/mo, and a $861/mo payment leaves $728/mo available for distribution. Annual cash flow reaches $8,735/yr on $58,311 to close, and return on cash invested stands at 34.89% in year one. Equity gained on principal adds $1,135/yr while 5% annual appreciation supports $48,598 over five years. Portfolio math shows five-year ROI at 183.67% and total cumulative return in cash at $107,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,885/mo property income against a $861/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

4,591 sqft lot

$N/A/sqft

No HOA