508 Furnace St, Elyria, OH, 44035
About This Home
Cash-flowing rental with established tenancy at 508 Furnace St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This occupied property generates $1,200 per month on a month-to-month lease, providing immediate income. The tenant is responsible for all utilities, helping to keep operating expenses low and enhance overall returns. The home offers a functional layout with strong rental appeal and is positioned in an area with consistent demand. A dependable addition to a larger portfolio, this asset contributes steady cash flow within a diversified, income-producing package.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Roof: Other
- Construction materials: Frame,Other
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating & Cooling
- Heating features: Other
- Cooling features: None
Property
Details
- Parcel number: 0624052104009
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 4,791 sqft
Parking
- Total spaces: 1
- Parking features: Detached,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $596 | $7,152 |
| Home Insurance * | $70 | $840 |
| Property Taxes | $134 | $1,608 |
| Electricity | $193 | $2,320 |
| Total | $993 | $11,916 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Listed for sale | $105,000 |
| 2021-11-09 | Sold | $37,500 |
| 2021-10-22 | Pending sale | $40,000 |
| 2021-10-21 | Listed for sale | $40,000 |
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