1017 Fairfax AveMansfieldOH44906
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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
Investment property for sale in Mansfield at 1017 Fairfax Ave, Mansfield, OH, 44906 uses $46,377 cash to close to unlock $2,946/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,166/mo, and a $685/mo payment keeps the spread at $246/mo. Purchase price stands at $139,900, and rental yield measures 10% with $1,166/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 137.48% and total cumulative return in cash records $63,759. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,166/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44906, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,368 (100%) |
| Owner Occupied HU | 5,025 (60.1%) |
| Renter Occupied HU | 2,690 (32.1%) |
| Vacant Housing Units | 653 ( 7.8%) |
| Median Home Value | $156,563 |
| Average Home Value | $195,303 |
Housing Distribution
Address Breakdown
Residential
8,026
Single Family
7,185
Multi-Family
841
Businesses
874
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