505 Highridge RdLexingtonOH44904
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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 Lexington at 505 Highridge Rd, Lexington, OH, 44904 generates $6,511/mo in rent and, after a $2,912/mo payment, leaves $2,597/mo in cash flow. Total monthly income is $6,511/mo, and annual cash flow is $31,169/yr on $195,755 invested. Return on cash invested sits at 35.98% in year one, and rental yield is 13.13% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 189.53% and total cumulative return in cash sums $371,018. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,511/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44904, Mansfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,799 (100%) |
| Owner Occupied HU | 4,747 (69.8%) |
| Renter Occupied HU | 1,756 (25.8%) |
| Vacant Housing Units | 296 ( 4.4%) |
| Median Home Value | $224,168 |
| Average Home Value | $241,427 |
Housing Distribution
Address Breakdown
Residential
6,392
Single Family
5,812
Multi-Family
580
Businesses
277
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