1031 Herring Ave, Mansfield, OH, 44906 | $563/mo Cash Flow

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1031 Herring Ave, Mansfield, OH, 44906 | $563/mo Cash Flow | Ziffy

Recently Sold

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mansfield at 1031 Herring Ave, Mansfield, OH, 44906 offers a 11.99% rental yield on a $164,900 purchase with $1,648/mo rent. Total monthly income registers $1,648/mo, and a $807/mo payment leaves $563/mo available for distribution. Annual cash flow reaches $6,761/yr on $54,664 to close, and return on cash invested stands at 32.28% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 169.72% and total cumulative return in cash at $92,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,648/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1959

6,750 sqft lot

$N/A/sqft

No HOA

More details about the property

3 Bedroom, 1.5 bath, 1,200 sq ft cape cod. Vinyl siding and windows. New paint and flooring. Updated electric service. Large upstairs bedroom with half bath. Updated main floor bathroom and laundry. 2 Car detached garage built in 1996. Concrete driveway. Move-in ready. Will FHA or VA. Mansfield Schools. Listing agent is the seller.

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