8391 Lanmark DrMentorOH44060
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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
Rental property for sale in Mentor at 8391 Lanmark Dr, Mentor, OH, 44060 offers $2,493/mo rent that, after a $1,630/mo payment, leaves $302/mo cash flow. Total monthly income is $2,493/mo, and annual cash flow is $3,629/yr on $110,390 cash. Return on cash invested measures 23.2% in year one, and rental yield stands at 8.98% at a $333,000 entry. Equity gained on principal adds $2,149/yr while 5% annual appreciation compounds into $92,002 by year five. Five-year ROI records 121% and total cumulative return in cash reaches $133,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,493/mo property income versus a $1,630/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.32 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
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Listed by: Paul A Koerwitz • Keller Williams Greater Cleveland Northeast
Mls Name: MLS Now
Mls Provider:
Mls ID: #5137169
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