8107 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 8107 Independence Dr APT B, Mentor, OH, 44060 uses $53,007 cash to close to unlock $94/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $1,258/mo, and a $783/mo payment keeps the spread at $8/mo. Purchase price stands at $159,900, and rental yield measures 9.44% with $1,258/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 105.96% and total cumulative return in cash records $56,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,258/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$198 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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Listed by: Amber Continenza • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5109775
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