411 Korman 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
Rental property for sale in Massillon at 411 Korman Ave NE, Massillon, OH, 44646 priced at $184,000 converts $1,440/mo rent into $229/mo cash flow after a $901/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $2,751/yr on $60,996 invested. Return on cash invested prints 24.42% in year one, and rental yield reads 9.39% against a $184,000 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation compiles into $50,836 by year five. Five-year ROI reaches 127.6% and total cumulative return in cash sums $77,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $901/mo payment, not borrower’s personal income.
Single Family
Built in 1926
6,098 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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