504 N McElroy RdMansfieldOH44905
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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 504 N McElroy Rd, Mansfield, OH, 44905 priced at $285,000 converts $2,534/mo rent into $659/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,534/mo, and annual cash flow totals $7,911/yr on $94,478 invested. Return on cash invested prints 28.28% in year one, and rental yield reads 10.67% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 148.28% and total cumulative return in cash sums $140,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,534/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44905, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 3,468 (64.7%) |
| Renter Occupied HU | 1,503 (28.0%) |
| Vacant Housing Units | 393 ( 7.3%) |
| Median Home Value | $131,436 |
| Average Home Value | $155,983 |
Housing Distribution
Address Breakdown
Residential
5,017
Single Family
4,879
Multi-Family
138
Businesses
343
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Listed by: Dana Walters • Platinum Realty Group
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225017021
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