6085 Mercer RdMendonOH45862
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6085 Mercer Rd, Mendon, OH, 45862 in Mendon earns a respectable 8.13% gross yield at $260,000, but after the $1,169/mo mortgage the net cash flow is $51/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.51) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $71,833 over five years, making equity the dominant return driver. Total projected return: $102,405.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $51 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,762 |
| Total Monthly Debt Service | $1,607 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45862, Mendon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 442 (75.3%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 56 ( 9.5%) |
| Median Home Value | $154,762 |
| Average Home Value | $195,984 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
16
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
Single Family
Built in 1948
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45862, Mendon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 587 (100%) |
| Owner Occupied HU | 442 (75.3%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 56 ( 9.5%) |
| Median Home Value | $154,762 |
| Average Home Value | $195,984 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Cheek • Homes at Ohio's Edge Realty, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1035811
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.