1651 Mentor Ave APT 2104PainesvilleOH44077
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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 Painesville at 1651 Mentor Ave APT 2104, Painesville, OH, 44077 listed at $129,900 pairs $975/mo rent with a $636/mo payment to leave $120/mo cash flow. Total monthly income runs $975/mo, and annual cash flow reaches $1,444/yr on $43,062 cash to close. Return on cash invested measures 23.26% in year one, and rental yield registers 9.01% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 121.41% and total cumulative return in cash totals $52,279. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $975/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,374 (100%) |
| Owner Occupied HU | 17,667 (69.6%) |
| Renter Occupied HU | 6,312 (24.9%) |
| Vacant Housing Units | 1,395 ( 5.5%) |
| Median Home Value | $257,846 |
| Average Home Value | $298,922 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
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Listed by: Robin D Swearingen • Howard Hanna
Mls Name: MLS Now
Mls ID: #5174276