505 Wood StMansfieldOH44907
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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 505 Wood St, Mansfield, OH, 44907 with 5% annual appreciation on a $175,000 basis while $1,232/mo rent supports operations. Total monthly income totals $1,232/mo and a $857/mo payment preserves $80/mo for cash returns. Annual cash flow comes to $965/yr on $58,013 deployed, and return on cash invested reaches 21.57% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 8.45%. Five-year ROI measures 112.33% and total cumulative return in cash totals $65,167.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,232/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
6,960 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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