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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lexington at 1 Whitnauer Dr, Lexington, OH, 44904 priced at $599,900 converts $4,868/mo rent into $816/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,868/mo, and annual cash flow totals $9,788/yr on $197,367 invested. Return on cash invested prints 25.02% in year one, and rental yield reads 9.74% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 130.96% and total cumulative return in cash sums $258,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,868/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1972
16.91 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44904, Mansfield, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,799 (100%) |
| Owner Occupied HU | 4,747 (69.8%) |
| Renter Occupied HU | 1,756 (25.8%) |
| Vacant Housing Units | 296 ( 4.4%) |
| Median Home Value | $224,168 |
| Average Home Value | $241,427 |
Residential
6,392
Single Family
5,812
Multi-Family
580
Businesses
277
Date | Event | Price |
|---|---|---|
| 2024-09-20 | Price change | $599,900 |
| 2024-09-13 | Price change | $629,900 |
| 2024-09-06 | Listed for sale | $639,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | $10393.74 | -1.43% | $166,350 | N/A |
| 2021-10-16 | $10544.20 | 11.25% | $166,350 | N/A |
| 2020-10-16 | $9477.70 | 10.05% | $166,350 | 18.65% |
Listed by: Wendy Hunt • Coldwell Banker Mattox McCleery
Mls Name: MAR
Mls Provider:
Mls ID: #9061864
Disclaimer: Copyright Mansfield Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
