6243 Magnolia DrMentorOH44060
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
Rental property for sale in Mentor at 6243 Magnolia Dr, Mentor, OH, 44060 priced at $149,000 converts $1,560/mo rent into $580/mo cash flow after a $729/mo obligation. Total monthly income equals $1,560/mo, and annual cash flow totals $6,962/yr on $49,394 invested. Return on cash invested prints 34% in year one, and rental yield reads 12.56% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 179.04% and total cumulative return in cash sums $88,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $729/mo payment, not borrower’s personal income.
Single Family
Built in 1929
3,998 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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Listed by: Lisa K Sisko • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls Provider:
Mls ID: #5091150
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