4974 Wake Robin RdMentorOH44060
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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 4974 Wake Robin Rd, Mentor, OH, 44060 generates $1,136/mo in rent and, after a $700/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,136/mo, and annual cash flow is $2,343/yr on $47,405 invested. Return on cash invested sits at 24.85% in year one, and rental yield is 9.53% on a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 129.97% and total cumulative return in cash sums $61,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,136/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
6,481 sqft 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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