8749 W Ridge RdElyriaOH44035
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 8749 W Ridge Rd, Elyria, OH, 44035 generates $1,268/mo in rent and, after a $673/mo payment, leaves $162/mo in cash flow. Total monthly income is $1,268/mo, and annual cash flow is $1,938/yr on $45,581 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 11.07% on a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 128.12% and total cumulative return in cash sums $58,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,268/mo property income rather than buyer’s personal income.
Condo
Built in 1972
540.14 sqft lot
$N/A/sqft
$202 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
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Listed by: Emily E Simkovich • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5137332
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