61 Painter AveMansfieldOH44907
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 61 Painter Ave, Mansfield, OH, 44907 offers $1,236/mo rent that, after a $807/mo payment, leaves $151/mo cash flow. Total monthly income is $1,236/mo, and annual cash flow is $1,817/yr on $54,664 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 8.99% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 121.2% and total cumulative return in cash reaches $66,256. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,236/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
9,000 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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