1024 3rd St NWCantonOH44703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Canton at 1024 3rd St NW, Canton, OH, 44703 uses $38,089 cash to close to unlock $5,047/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,176/mo, and a $562/mo payment keeps the spread at $421/mo. Purchase price stands at $114,900, and rental yield measures 12.28% with $1,176/mo rent. Return on cash invested shows 33.16% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 174.45% and total cumulative return in cash records $66,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,176/mo property income covering a $562/mo payment rather than investor’s personal income.
Multi Family
Built in 1894
5,209 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44703, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,285 (100%) |
| Owner Occupied HU | 1,288 (30.1%) |
| Renter Occupied HU | 2,219 (51.8%) |
| Vacant Housing Units | 778 (18.2%) |
| Median Home Value | $92,436 |
| Average Home Value | $168,003 |
Housing Distribution
Address Breakdown
Residential
3,775
Single Family
3,042
Multi-Family
733
Businesses
132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices