2318 3rd St SECantonOH44707
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2318 3rd St SE, Canton, OH, 44707 in Canton is a solid income-producing rental, 12.37% gross yield, $1,236/mo rent, $447/mo net cash flow on a $119,900 buy. DSCR 2.29 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $33,126 and $1,104/yr in principal reduction project a total cumulative return of $74,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 9.2% |
| Monthly Cash Flow | $447 | $850 |
City averages based on Canton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,236 |
| Total Monthly Debt Service | $741 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
6,952 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44707, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,277 (100%) |
| Owner Occupied HU | 1,885 (44.1%) |
| Renter Occupied HU | 1,877 (43.9%) |
| Vacant Housing Units | 515 (12.0%) |
| Median Home Value | $120,231 |
| Average Home Value | $159,081 |
Housing Distribution
Address Breakdown
Residential
4,063
Single Family
3,306
Multi-Family
757
Businesses
422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1970
6,952 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44707, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,277 (100%) |
| Owner Occupied HU | 1,885 (44.1%) |
| Renter Occupied HU | 1,877 (43.9%) |
| Vacant Housing Units | 515 (12.0%) |
| Median Home Value | $120,231 |
| Average Home Value | $159,081 |
Housing Distribution
Address Breakdown
Residential
4,063
Single Family
3,306
Multi-Family
757
Businesses
422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brendan Lammlein • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5125399
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