470 Lexington AveMansfieldOH44907
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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 470 Lexington Ave, Mansfield, OH, 44907 priced at $167,900 converts $1,335/mo rent into $230/mo cash flow after a $822/mo obligation. Total monthly income equals $1,335/mo, and annual cash flow totals $2,764/yr on $55,659 invested. Return on cash invested prints 24.88% in year one, and rental yield reads 9.54% against a $167,900 entry. Equity gained on principal adds $1,083/yr, while 5% annual appreciation compiles into $46,388 by year five. Five-year ROI reaches 130.05% and total cumulative return in cash sums $72,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,335/mo property income covering a $822/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,905 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,298
Single Family
6,167
Multi-Family
1,131
Businesses
492
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