Sl2 Lakeview RdMentorOH44060
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
Rental property for sale in Mentor at Sl2 Lakeview Rd, Mentor, OH, 44060 priced at $273,500 converts $3,520/mo rent into $1,721/mo cash flow after a $1,339/mo obligation. Total monthly income equals $3,520/mo, and annual cash flow totals $20,647/yr on $90,665 invested. Return on cash invested prints 42.68% in year one, and rental yield reads 15.44% against a $273,500 entry. Equity gained on principal adds $1,765/yr, while 5% annual appreciation compiles into $75,563 by year five. Five-year ROI reaches 225.49% and total cumulative return in cash sums $204,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,520/mo property income covering a $1,339/mo payment, not borrower’s personal income.
Single Family
Built in 2022
2,949 sqft 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: Megan M Dawson • RE/MAX Results
Mls Name: MLS Now
Mls Provider:
Mls ID: #4357275
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