850 Case AveElyriaOH44035
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 850 Case Ave, Elyria, OH, 44035 priced at $170,000 converts $1,336/mo rent into $218/mo cash flow after a $832/mo obligation. Total monthly income equals $1,336/mo, and annual cash flow totals $2,614/yr on $56,355 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 9.43% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 128.22% and total cumulative return in cash sums $72,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,336/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1970
6,969 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Listed for sale | $170,000 |
| 2024-08-28 | Sold | $158,600 |
| 2021-09-08 | Sold | $40,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1608.00 | -0.16% | $28,800 | N/A |
| 2022-10-14 | $1610.61 | 2.75% | $28,800 | N/A |
| 2021-10-14 | $1567.50 | 13.70% | $28,800 | 27.83% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1970
- Architectural Style: Other
- Building Area: 1,050
- Living Area: 1,050 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Daniel Beirne • Opendoor Brokerage LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5068257
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 2024 - Multiple Listing Service, Inc. All Rights Reserved.