7979 Independence Dr APT BMentorOH44060
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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 7979 Independence Dr APT B, Mentor, OH, 44060 earns $406/mo cash flow from $1,630/mo rent with a $759/mo payment. Total monthly income totals $1,630/mo, and annual cash flow totals $4,873/yr on $51,383 capital. ROI tracks 29.39% on current figures, and rental yield reads 12.62% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 156.01% and total cumulative return in cash sums $80,164. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,630/mo property income instead of your personal income.
Condo
Built in 1973
N/A 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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