417 Luther StMansfieldOH44902
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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 417 Luther St, Mansfield, OH, 44902 offers a 9.42% rental yield on a $152,900 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $748/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,335/yr on $50,686 to close, and return on cash invested stands at 24.52% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,243 over five years. Portfolio math shows five-year ROI at 128.07% and total cumulative return in cash at $64,912. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $748/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44902, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,489 (100%) |
| Owner Occupied HU | 749 (30.1%) |
| Renter Occupied HU | 1,347 (54.1%) |
| Vacant Housing Units | 393 (15.8%) |
| Median Home Value | $69,909 |
| Average Home Value | $170,364 |
Housing Distribution
Address Breakdown
Residential
2,056
Single Family
1,864
Multi-Family
192
Businesses
442
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Listed by: Cyrus M Macharia • Carleton Realty, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224040058
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.