7050 Chillicothe 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
Investment property for sale in Mentor at 7050 Chillicothe Rd, Mentor, OH, 44060 with 5% annual appreciation on a $173,900 basis while $1,890/mo rent supports operations. Total monthly income totals $1,890/mo and a $851/mo payment preserves $343/mo for cash returns. Annual cash flow comes to $4,119/yr on $57,648 deployed, and return on cash invested reaches 27.05% in year one. Equity gained on principal adds $1,122/yr, and five-year appreciation sums $48,045 alongside rental yield of 13.04%. Five-year ROI measures 144.77% and total cumulative return in cash totals $83,458.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,890/mo property income versus a $851/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1971
N/A lot
$N/A/sqft
$403 monthly 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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