227 Leonard Ave NWMassillonOH44646
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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
Rental property for sale in Massillon at 227 Leonard Ave NW, Massillon, OH, 44646 offers $1,581/mo rent that, after a $954/mo payment, leaves $299/mo cash flow. Total monthly income is $1,581/mo, and annual cash flow is $3,587/yr on $64,609 cash. Return on cash invested measures 25.46% in year one, and rental yield stands at 9.73% at a $194,900 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,847 by year five. Five-year ROI records 133.12% and total cumulative return in cash reaches $86,007. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,581/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
7,200 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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