11 Hoffer AveMansfieldOH44902
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.29% yield at 11 Hoffer Ave, Mansfield, OH, 44902 in Mansfield is solid, but the $495/mo payment compresses net cash flow to $128/mo at $110,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $30,391 by year five, and $1,013/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.72) without U.S. income documentation. Total projected return: $50,161.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.2% |
| Monthly Cash Flow | $128 | $420 |
City averages based on Mansfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $852 |
| Total Monthly Debt Service | $680 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44902, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,489 (100%) |
| Owner Occupied HU | 749 (30.1%) |
| Renter Occupied HU | 1,347 (54.1%) |
| Vacant Housing Units | 393 (15.8%) |
| Median Home Value | $69,909 |
| Average Home Value | $170,364 |
Housing Distribution
Address Breakdown
Residential
2,056
Single Family
1,864
Multi-Family
192
Businesses
442
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
Single Family
Built in 1910
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44902, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,489 (100%) |
| Owner Occupied HU | 749 (30.1%) |
| Renter Occupied HU | 1,347 (54.1%) |
| Vacant Housing Units | 393 (15.8%) |
| Median Home Value | $69,909 |
| Average Home Value | $170,364 |
Housing Distribution
Address Breakdown
Residential
2,056
Single Family
1,864
Multi-Family
192
Businesses
442
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janice Darmody • e-Merge Real Estate Champions
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225026721
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.