1242 Springbrook DrMansfieldOH44906
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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 1242 Springbrook Dr, Mansfield, OH, 44906 offers a 8.45% rental yield on a $379,000 purchase with $2,669/mo rent. Total monthly income registers $2,669/mo, and a $1,855/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,112/yr on $125,639 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 112.4% and total cumulative return in cash at $141,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,669/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.47 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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