429 Gobel Ave NECantonOH44704
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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 Canton at 429 Gobel Ave NE, Canton, OH, 44704 offers a 11.74% rental yield on a $124,900 purchase with $1,222/mo rent. Total monthly income registers $1,222/mo, and a $611/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,809/yr on $41,404 to close, and return on cash invested stands at 31.52% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 165.66% and total cumulative return in cash at $68,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,222/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44704, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,933 (100%) |
| Owner Occupied HU | 752 (38.9%) |
| Renter Occupied HU | 900 (46.6%) |
| Vacant Housing Units | 281 (14.5%) |
| Median Home Value | $72,364 |
| Average Home Value | $129,219 |
Housing Distribution
Address Breakdown
Residential
1,505
Single Family
1,419
Multi-Family
86
Businesses
87
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