1221 North Ave NEMassillonOH44646
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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 1221 North Ave NE, Massillon, OH, 44646 uses $44,753 cash to close to unlock $8,217/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $1,573/mo, and a $661/mo payment keeps the spread at $685/mo. Purchase price stands at $135,000, and rental yield measures 13.98% with $1,573/mo rent. Return on cash invested shows 38.27% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 201.83% and total cumulative return in cash records $90,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,573/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1906
7,753 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44646, Massillon, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,674
Single Family
20,148
Multi-Family
526
Businesses
931
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