62 Elmridge Rd, Mansfield, OH, 44907 | $360/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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62 Elmridge Rd, Mansfield, OH, 44907 | $360/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 62 Elmridge Rd, Mansfield, OH, 44907 priced at $259,900 pairs $2,069/mo rent with $360/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,069/mo, and annual cash flow comes to $4,314/yr on $86,157 invested. Return on cash invested is 24.92% in year one, and rental yield stands at 9.55% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 130.21% and total cumulative return in cash reaches $112,186. For financing, Ziffy Mortgage’s DSCR program evaluates $2,069/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1996

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Ready to downsize but not quite ready for the condo? This is the ultimate condo alternative that your fur babies will thank you for buying! Situated in the desirable Ranchwood neighborhood this home built in 1996 has a fantastic floor plan featuring main floor laundry and two owner's suites! Open floor plan including a spacious living room and dining area. Great storage in the kitchen with a new backsplash, hardware and stainless steel appliances. Convenient main floor laundry room located between the kitchen and garage. Both bedrooms have new carpet and are spacious featuring nice closet space and attached bathrooms. Clean basement with tons of storage space and freshly painted floor. Oversized 2.5 car garage with a storage nook. Fantastic covered porch over looking the private fenced backyard and yard barn. Recently updated to include all new flooring, fresh paint throughout. Clean as a whistle!

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