843 Meadow Lake 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
Investment property for sale in Elyria at 843 Meadow Lake Dr, Elyria, OH, 44035 listed at $339,729 pairs $2,340/mo rent with a $1,663/mo payment to leave $105/mo cash flow. Total monthly income runs $2,340/mo, and annual cash flow reaches $1,262/yr on $112,620 cash to close. Return on cash invested measures 21.03% in year one, and rental yield registers 8.27% at a $339,729 basis. Equity gained on principal adds $2,192/yr, and annual property appreciation at 5% supports $93,861 by year five. Five-year ROI tracks 109.39% and total cumulative return in cash totals $123,197. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,340/mo property income relative to a $1,663/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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
