616 Cline Ave APT 216, Mansfield, OH, 44907 | $560/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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616 Cline Ave APT 216, Mansfield, OH, 44907 | $560/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Currently Rented+ 1 more

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ROI

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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

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Investment Highlights

Rental property for sale in Mansfield at 616 Cline Ave APT 216, Mansfield, OH, 44907 generates $1,776/mo in rent and, after a $905/mo payment, leaves $560/mo in cash flow. Total monthly income is $1,776/mo, and annual cash flow is $6,717/yr on $61,294 invested. Return on cash invested sits at 30.87% in year one, and rental yield is 11.53% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 162.11% and total cumulative return in cash sums $99,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,776/mo property income rather than buyer’s personal income.

Single Family

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

You don't want to miss this beautifully decorated condo within the much desired Brittany Condominium Community (55+ community). This unit is located on the 2nd floor, at the end of the hall for extra privacy. It boasts 3 bedrooms and 2 full baths, one being off the primary bedroom with a shower, dressing area and spacious closet. The updated, fully applianced kitchen has new flooring and beautiful custom cupboards. The tastefully adorned living room has a white marble faced electric fireplace and a full wall glass slider to the outdoor balcony. Heated garage with premium parking near the elevator. This unit has a storage area in the common hall and there are fully equipped laundry units on each floor. Stress free living at its finest!

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