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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% |
Investment property for sale in Massillon at 1051 2nd St NE, Massillon, OH, 44646 offers a 9.09% rental yield on a $190,000 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $930/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,282/yr on $62,985 to close, and return on cash invested stands at 23.53% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 122.85% and total cumulative return in cash at $77,376. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44646, Massillon, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,274 (100%) |
| Owner Occupied HU | 13,696 (64.4%) |
| Renter Occupied HU | 6,349 (29.8%) |
| Vacant Housing Units | 1,229 ( 5.8%) |
| Median Home Value | $208,219 |
| Average Home Value | $243,538 |
Residential
20,674
Single Family
20,148
Multi-Family
526
Businesses
931
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $190,000 |
| 2024-11-20 | Sold | $70,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $1243.12 | -5.90% | $25,870 | N/A |
| 2022-03-13 | $1321.05 | 47.69% | $25,870 | N/A |
| 2021-03-13 | $894.46 | 14.16% | $25,870 | 11.80% |
Listed by: Amy Myers • Keller Williams Legacy Group Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5105366
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.
