205 9th St NENorth 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 205 9th St NE, North Canton, OH, 44720 uses $79,560 cash to close to unlock $1,908/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $1,175/mo payment keeps the spread at $159/mo. Purchase price stands at $240,000, and rental yield measures 8.69% with $1,738/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 116.2% and total cumulative return in cash records $92,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,971 sqft 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: Andrea Bracey • Howard Hanna
Mls Name: MLS Now
Mls ID: #5125227