Side-by-side comparison of Lima, OH and Mansfield, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Lima has the edge with an estimated cap rate of 4.90% compared to Mansfield's 2.86%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $180,000 in Lima vs $190,000 in Mansfield, while rents come in at $1,170/mo and $890/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Lima is growing faster at 0.2% annually vs Mansfield's 0.2%. Lima leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 1.58% in Lima vs 1.58% in Mansfield. Vacancy rates of 6.7% and 6.7% are mixed — Mansfield has the tighter rental market.
Entry point: Lima offers a lower entry at $180K vs Mansfield's $190K — a difference of $10K. With a 20% down payment, that's $36K vs $38K. Lima combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Lima edges out Mansfield on most key metrics. While cap rates are moderate at 4.90%, Lima's overall profile is stronger. Use our free calculators to model specific deals in Lima or Mansfield.