Eden Cay w/ Basement Plan, Ridge WaterElyriaOH44035
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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
Investment property for sale in Elyria at Eden Cay w/ Basement Plan, Ridge Water, Elyria, OH, 44035 uses $109,392 cash to close to unlock $2,394/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $2,370/mo, and a $1,615/mo payment keeps the spread at $200/mo. Purchase price stands at $329,990, and rental yield measures 8.62% with $2,370/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $91,170 over five years. Five-year ROI reaches 115.11% and total cumulative return in cash records $125,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,370/mo property income covering a $1,615/mo payment rather than investor’s personal income.
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
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