16 Meadowlawn Dr UNIT 2MentorOH44060
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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
Rental property for sale in Mentor at 16 Meadowlawn Dr UNIT 2, Mentor, OH, 44060 priced at $195,000 pairs $2,670/mo rent with $1,075/mo cash flow after a $954/mo payment. Total monthly income equals $2,670/mo, and annual cash flow comes to $12,897/yr on $64,643 invested. Return on cash invested is 39.86% in year one, and rental yield stands at 16.43% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 212.44% and total cumulative return in cash reaches $137,326. For financing, Ziffy Mortgage’s DSCR program evaluates $2,670/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1963
0.48 Acres lot
$N/A/sqft
$313 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44060, Mentor, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,459 (100%) |
| Owner Occupied HU | 22,116 (80.5%) |
| Renter Occupied HU | 4,392 (16.0%) |
| Vacant Housing Units | 951 ( 3.5%) |
| Median Home Value | $260,396 |
| Average Home Value | $289,288 |
Housing Distribution
Address Breakdown
Residential
26,825
Single Family
25,277
Multi-Family
1,548
Businesses
2,273
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