7971 Independence Dr APT AMentorOH44060
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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 7971 Independence Dr APT A, Mentor, OH, 44060 listed at $172,000 pairs $1,628/mo rent with a $842/mo payment to leave $292/mo cash flow. Total monthly income runs $1,628/mo, and annual cash flow reaches $3,510/yr on $57,018 cash to close. Return on cash invested measures 26.06% in year one, and rental yield registers 11.36% at a $172,000 basis. Equity gained on principal adds $1,110/yr, and annual property appreciation at 5% supports $47,520 by year five. Five-year ROI tracks 137.96% and total cumulative return in cash totals $78,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,628/mo property income relative to a $842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
6,534 sqft lot
$N/A/sqft
$204 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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