605 Heineman Blvd, Mansfield, OH, 44903
About This Home
Cash-flow opportunity with built-in upside! Whether you're expanding your rental portfolio, utilizing a DSCR loan, completing a 1031 exchange, or searching for your next buy-and-hold investment, this income-producing property deserves a look. This property offers immediate rental income while presenting significant value-add potential. Current rent is well below market, giving the next owner the opportunity to increase cash flow over time as leases renew or turnover occurs with forced appreciation. PERFECT for a DSCR or BRRRR investment! This property boasts a GRM of aprox 8.56, making it an attractive option for investors focused on long-term returns and portfolio growth. Strong rental demand in the Mansfield market further enhances its investment appeal. Whether you're a seasoned investor or purchasing your first rental, this is an excellent opportunity to acquire an affordable income-producing asset with both current cash flow and future appreciation potential. Showing available after accepted offer. DO NOT DISRUPT TENANTS.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1935
Materials
- Roof: Metal
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Conventional
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- Finished area above ground: 1,248
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: None
Interior Area
- Total structure area: 1,248
- Total interior livable area: 1,248 sqft
Property
Details
- Parcel number: 0270300316000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Porch
Lot
- Lot size: 3,441 sqft
Parking
- Parking features: On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $389 | $4,668 |
| Home Insurance * | $50 | $600 |
| Property Taxes | $76 | $912 |
| Electricity | $193 | $2,320 |
| Total | $708 | $8,496 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Listed for sale | $77,000 |
| 2004-02-23 | Sold | $29,000 |
| 2001-09-06 | Sold | $15,600 |
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