Elder Plan, River Run Landing, Elyria, OH, 44035 | $2,382/mo Cash Flow

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Elder Plan, River Run Landing, Elyria, OH, 44035 | $2,382/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elyria at Elder Plan, River Run Landing, Elyria, OH, 44035 listed at $309,990 pairs $4,421/mo rent with a $1,517/mo payment to leave $2,382/mo cash flow. Total monthly income runs $4,421/mo, and annual cash flow reaches $28,586/yr on $102,762 cash to close. Return on cash invested measures 47.73% in year one, and rental yield registers 17.11% at a $309,990 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,645 by year five. Five-year ROI tracks 252.57% and total cumulative return in cash totals $259,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,421/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

The Elder has it all. Step inside this 2-car garage single-family home, where a sprawling great room adjoins a gourmet kitchen with a large island that overlooks the dining area. A versatile flex room is ideal for a home office, hobby area or play space. Upstairs, two bedrooms each feature a walk-in closet and share a hall bath with a third bedroom. Inside your owner's suite, you'll find a luxurious dual-vanity bath and two walk-in closets. Entertain family and guests in the 2nd floor loft. Complete the unfinished basement for more living space to enjoy all that The Elder has to offer. *Prices shown generally refer to the base house and do not include any optional features. Photos and/or drawings of homes may show upgraded landscaping, elevations and optional features and may not represent the lowest-priced homes in the community.

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