104 24th St NWMassillonOH44647
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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
Investment Highlights
Investment property for sale in Massillon at 104 24th St NW, Massillon, OH, 44647 uses $71,239 cash to close to unlock $2,919/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,657/mo, and a $1,052/mo payment keeps the spread at $243/mo. Purchase price stands at $214,900, and rental yield measures 9.25% with $1,657/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 125.37% and total cumulative return in cash records $89,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,657/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1948
10,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44647, Massillon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,424 (100%) |
| Owner Occupied HU | 6,168 (73.2%) |
| Renter Occupied HU | 1,768 (21.0%) |
| Vacant Housing Units | 488 ( 5.8%) |
| Median Home Value | $172,766 |
| Average Home Value | $209,811 |
Housing Distribution
Address Breakdown
Residential
8,092
Single Family
7,995
Multi-Family
97
Businesses
324
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