7144 Mentor AveWilloughbyOH44094
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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 Willoughby at 7144 Mentor Ave, Willoughby, OH, 44094 priced at $209,000 converts $2,278/mo rent into $853/mo cash flow after a $1,023/mo obligation. Total monthly income equals $2,278/mo, and annual cash flow totals $10,232/yr on $69,284 invested. Return on cash invested prints 34.68% in year one, and rental yield reads 13.08% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 182.89% and total cumulative return in cash sums $126,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,278/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Single Family
Built in 1954
2.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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