814 Lovett PlLorainOH44052
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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 814 Lovett Pl, Lorain, OH, 44052 priced at $179,000 converts $1,177/mo rent into after a $876/mo obligation. Total monthly income equals $1,177/mo. Return on cash invested prints 19.9% in year one, and rental yield reads 7.89% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 103.34% and total cumulative return in cash sums $61,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,177/mo property income covering a $876/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Rebecca L Bauer • Realtywise, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5101743
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