1246 Richard CtMansfieldOH44905
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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 1246 Richard Ct, Mansfield, OH, 44905 uses $46,377 cash to close to unlock $4,482/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $1,294/mo, and a $685/mo payment keeps the spread at $374/mo. Purchase price stands at $139,900, and rental yield measures 11.1% with $1,294/mo rent. Return on cash invested shows 29.57% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 155.23% and total cumulative return in cash records $71,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,294/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44905, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 3,468 (64.7%) |
| Renter Occupied HU | 1,503 (28.0%) |
| Vacant Housing Units | 393 ( 7.3%) |
| Median Home Value | $131,436 |
| Average Home Value | $155,983 |
Housing Distribution
Address Breakdown
Residential
5,017
Single Family
4,879
Multi-Family
138
Businesses
343
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