1228 Walker Lake RdMansfieldOH44906
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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 1228 Walker Lake Rd, Mansfield, OH, 44906 uses $57,979 cash to close to unlock $2,371/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $856/mo payment keeps the spread at $198/mo. Purchase price stands at $174,900, and rental yield measures 9.25% with $1,348/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 125.32% and total cumulative return in cash records $72,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1962
2 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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