1116 16th St NWCantonOH44703
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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 Canton at 1116 16th St NW, Canton, OH, 44703 earns $111/mo cash flow from $893/mo rent with a $582/mo payment. Total monthly income totals $893/mo, and annual cash flow totals $1,328/yr on $39,449 capital. ROI tracks 23.28% on current figures, and rental yield reads 9.01% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 121.45% and total cumulative return in cash sums $47,909. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $893/mo property income instead of your personal income.
Single Family
Built in 1918
4,399 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
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Listed by: Amanda L Talkington • Coldwell Banker Schmidt Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5136295
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