8140 Independence Dr APT CMentorOH44060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8140 Independence Dr APT C, Mentor, OH, 44060 earns $267/mo cash flow from $1,487/mo rent with a $908/mo payment. Total monthly income totals $1,487/mo, and annual cash flow totals $3,201/yr on $61,493 capital. ROI tracks 25.11% on current figures, and rental yield reads 9.62% at a $185,500 purchase. Equity gained on principal adds $1,197/yr, and 5% annual appreciation supports $51,250 over five years. Five-year ROI reaches 131.28% and total cumulative return in cash sums $80,727. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,487/mo property income instead of your personal income.
Single Family
Built in 1974
0.33 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices