1303 Park Ave EMansfieldOH44905
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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 1303 Park Ave E, Mansfield, OH, 44905 generates $1,253/mo in rent, after a $1,889/mo payment. Total monthly income is $1,253/mo. Return on cash invested sits at 7.85% in year one, and rental yield is 3.9% on a $385,900 entry. Equity gained on principal adds $2,490/yr, while 5% annual appreciation builds toward $106,617 over five years. Five-year ROI reaches 38.7% and total cumulative return in cash sums $49,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,253/mo property income rather than buyer’s personal income.
Multi Family
Built in 1975
0.63 Acres 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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