$54,900
About this home
INVESTOR OPPORTUNITY! An excellent addition to any rental portfolio at an affordable price of just $54,900! This 3-bedroom, 1-bath property offers immediate rental income with a long-term tenant currently paying $800 per month who would love to stay! Generating $9,600 in annual gross rental income, this property offers an attractive 17.5% gross annual rental yield at the asking price. Enjoy the advantage of an established tenant, eliminating the immediate need to find a new renter. Whether you're a seasoned investor looking to expand your portfolio or just getting started in real estate investing, this is a fantastic opportunity to acquire an income-producing property at an exceptional price point. Don't miss your chance to secure this affordable investment with rental income already in place!
Property details
- MLS
- NOWDD
- MLS #
- 5255872
- Property type
- SingleFamilyResidence
- Subdivision
- W B Thompson Trustee Add 02
- Status
- Active
- Days on market
- N/A
- On market date
- October 25, 2026
- Stories
- 2
- Total bathrooms
- 1
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.11 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 267
- Student:teacher ratio
- 15.7:1
- District
- Lorain City
- Enrollment
- 453
- Student:teacher ratio
- 17.4:1
- District
- Lorain City
- Enrollment
- 103
- Student:teacher ratio
- 20.6:1
- District
- Lorain City
Walkability
Blended score for Lorain's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Lorain, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 22 hr ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.