1243 Danbury Rd NWNorth CantonOH44720
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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 North Canton at 1243 Danbury Rd NW, North Canton, OH, 44720 offers a 8.4% rental yield on a $365,000 purchase with $2,555/mo rent. Total monthly income registers $2,555/mo, and a $1,786/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,855/yr on $120,998 to close, and return on cash invested stands at 21.44% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 111.58% and total cumulative return in cash at $135,007. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,555/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44720, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,102 (100%) |
| Owner Occupied HU | 12,320 (68.1%) |
| Renter Occupied HU | 4,840 (26.7%) |
| Vacant Housing Units | 942 ( 5.2%) |
| Median Home Value | $264,902 |
| Average Home Value | $297,243 |
Housing Distribution
Address Breakdown
Residential
17,503
Single Family
16,416
Multi-Family
1,087
Businesses
1,548
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Listed by: Brent Smith • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls ID: #5144501