8220 Lancaster DrMentorOH44060
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 8220 Lancaster Dr, Mentor, OH, 44060 uses $61,294 cash to close to unlock $57/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $1,436/mo, and a $905/mo payment keeps the spread at $5/mo. Purchase price stands at $184,900, and rental yield measures 9.32% with $1,436/mo rent. Return on cash invested shows 20% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 105.38% and total cumulative return in cash records $64,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,436/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1979
1 Acres lot
$N/A/sqft
$215 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices