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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mansfield at 655 Mansfield Lucas Rd, Mansfield, OH, 44907 offers $1,180/mo rent that, after a $930/mo payment. Total monthly income is $1,180/mo. Return on cash invested measures 18.58% in year one, and rental yield stands at 7.45% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 96.27% and total cumulative return in cash reaches $60,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,180/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44907, Mansfield, OH area.
| 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 |
Residential
7,298
Single Family
6,167
Multi-Family
1,131
Businesses
492
Date | Event | Price |
|---|---|---|
| 1994-07-20 | Sold | $56,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-09 | $1950.42 | 16.78% | $40,310 | 31.73% |
| 2022-04-09 | $1670.14 | 0.02% | $30,600 | N/A |
| 2021-04-09 | $1669.84 | -0.76% | $30,600 | N/A |
Listed by: Jeffrey A French • RE/MAX First Realty
Mls Name: MAR
Mls Provider:
Mls ID: #9066575
Disclaimer: Copyright Mansfield Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
