1599 S Main St, Mansfield, OH, 44907 | 5.12% Rental Yield

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Price: $300K - 500K

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1599 S Main St, Mansfield, OH, 44907 | 5.12% Rental Yield | 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

Investment property for sale in Mansfield at 1599 S Main St, Mansfield, OH, 44907 earns from $960/mo rent with a $1,101/mo payment. Total monthly income totals $960/mo. ROI tracks 11.55% on current figures, and rental yield reads 5.12% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 58.54% and total cumulative return in cash sums $43,645. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $960/mo property income instead of your personal income.

Single Family

Built in 1904

1.74 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Home in Madison School District! You're about to fall in love with this spacious, inviting property on 1.741 acres with a fully fenced backyard. Inside, you'll find the original preserved logs in the walls of the dining room, stairs, and bathroom. Generously sized rooms throughout, including a first-floor primary bedroom. The versatile bonus room off the kitchen offers endless possibilities including a perfect breakfast nook, pantry, or extra storage space. Enjoy peaceful mornings on the front porch or unwind on the rear deck. Recent updates include a new roof (end of 2022), whole-house water filter, softener, and reverse osmosis system in the kitchen. A large pole barn garage provides ample space for vehicles or hobbies. Conveniently located near State Route 13 and I-71, with easy access to all the amenities in Lexington and Ontario. Don't miss the chance to make this adorable home yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44907, Mansfield, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,338 (100%)
Owner Occupied HU	3,879 (52.9%)
Renter Occupied HU	3,007 (41.0%)
Vacant Housing Units	452 ( 6.2%)
Median Home Value	$158,424
Average Home Value	$179,774