1538 Bridgewater Way S, Mansfield, OH, 44906 | $516/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1538 Bridgewater Way S, Mansfield, OH, 44906 | $516/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mansfield at 1538 Bridgewater Way S, Mansfield, OH, 44906 generates $2,818/mo in rent and, after a $1,713/mo payment, leaves $516/mo in cash flow. Total monthly income is $2,818/mo, and annual cash flow is $6,192/yr on $115,992 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 9.66% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 131.97% and total cumulative return in cash sums $153,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,818/mo property income rather than buyer’s personal income.

Condo

Built in 2010

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Bridgewater, an amenity rich condo community in Lexington School District! Enjoy community benefits, such as a spectacular clubhouse, outdoor pool, pool table room, exercise room, community gardens, fishing ponds, and a 1 mile nature trail. This condo has over 1700 sq ft of newly updated space. Updates are too many to list, however, to name a few, they include: new stainless steel appliances, new luxury waterproof flooring, new carpet, fresh neutral Sherwin Williams paint, new light fixtures, bath and kitchen fixtures and more. It also features 2 beds and 2 baths both with walk in closets. A great laundry space is off the kitchen and garage entry area. The sunroom will surely be a hit also, with its bright light and doors that allow this to be a truly flexible space to fit your needs. Vaulted ceilings and lots of storage space including a 2-car garage, closets, a heated/cooled storage room and attic storage above the garage are additional highlights. Schedule your appointment now to view this fantastic condo and community. (I will work with buyers' real estate agents).

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