1651 Mentor Ave APT 2107PainesvilleOH44077
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2107, Painesville, OH, 44077 uses $44,719 cash to close to unlock $8,687/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $1,874/mo, and a $660/mo payment keeps the spread at $724/mo. Purchase price stands at $134,900, and rental yield measures 16.67% with $1,874/mo rent. Return on cash invested shows 39.33% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 210.07% and total cumulative return in cash records $93,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,874/mo property income covering a $660/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$263 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angelo J Marrali • Howard Hanna
Mls Name: MLS Now
Mls ID: #5131389