5571 Reef RdMentor On The LakeOH44060
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 Mentor On The Lake at 5571 Reef Rd, Mentor On The Lake, OH, 44060 at $266,000 posts ROI 28.52% with $633/mo cash flow from $2,384/mo rent. Total monthly income equals $2,384/mo, and annual cash flow records $7,592/yr on $88,179 to close. Return on cash invested measures 28.52% and rental yield reads 10.75% at the current $266,000. Equity gained on principal adds $1,716/yr, and 5% annual appreciation supports $73,491 by year five. Five-year ROI prints 149.54% and total cumulative return in cash totals $131,861.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,384/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
9,665 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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Nearby investment properties with comparable prices
Listed by: Ryan Zalimeni • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5120958
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