7563 Monterey Bay Dr UNIT 2Mentor On The LakeOH44060
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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 On The Lake at 7563 Monterey Bay Dr UNIT 2, Mentor On The Lake, OH, 44060 earns $4/mo cash flow from $1,812/mo rent with a $1,346/mo payment. Total monthly income totals $1,812/mo, and annual cash flow totals $51/yr on $91,129 capital. ROI tracks 19.96% on current figures, and rental yield reads 7.91% at a $274,900 purchase. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 over five years. Five-year ROI reaches 103.68% and total cumulative return in cash sums $94,479. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,812/mo property income instead of your personal income.
Condo
Built in 1997
N/A 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: Janet A Gommel • Howard Hanna
Mls Name: MLS Now
Mls ID: #5173885