4 Meadowlawn Dr UNIT 7MentorOH44060
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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 4 Meadowlawn Dr UNIT 7, Mentor, OH, 44060 priced at $165,000 converts $1,258/mo rent into $172/mo cash flow after a $808/mo obligation. Total monthly income equals $1,258/mo, and annual cash flow totals $2,067/yr on $54,698 invested. Return on cash invested prints 23.69% in year one, and rental yield reads 9.15% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 123.71% and total cumulative return in cash sums $67,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,258/mo property income covering a $808/mo payment, not borrower’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
No 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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