11 Hoffer AveMansfieldOH44902
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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
Rental property for sale in Mansfield at 11 Hoffer Ave, Mansfield, OH, 44902 priced at $110,000 converts $852/mo rent into $129/mo cash flow after a $538/mo obligation. Total monthly income equals $852/mo, and annual cash flow totals $1,546/yr on $36,465 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 9.29% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 126.14% and total cumulative return in cash sums $45,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $852/mo property income covering a $538/mo payment, not borrower’s personal income.
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
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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.