1508 W Hanley RdMansfieldOH44904
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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 1508 W Hanley Rd, Mansfield, OH, 44904 offers a 9.11% rental yield on a $230,000 purchase with $1,747/mo rent. Total monthly income registers $1,747/mo, and a $1,126/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,806/yr on $76,245 to close, and return on cash invested stands at 23.59% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 123.09% and total cumulative return in cash at $93,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,747/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44904, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,799 (100%) |
| Owner Occupied HU | 4,747 (69.8%) |
| Renter Occupied HU | 1,756 (25.8%) |
| Vacant Housing Units | 296 ( 4.4%) |
| Median Home Value | $224,168 |
| Average Home Value | $241,427 |
Housing Distribution
Address Breakdown
Residential
6,392
Single Family
5,812
Multi-Family
580
Businesses
277
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Listed by: Stephanie Webb • Keller Williams Legacy Group
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225022331
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.