516 Hamilton 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
Investment property for sale in Massillon at 516 Hamilton Ave NE, Massillon, OH, 44646 offers a 9.44% rental yield on a $153,900 purchase with $1,211/mo rent. Total monthly income registers $1,211/mo, and a $753/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,387/yr on $51,018 to close, and return on cash invested stands at 24.59% in year one. Equity gained on principal adds $993/yr while 5% annual appreciation supports $42,520 over five years. Portfolio math shows five-year ROI at 128.44% and total cumulative return in cash at $65,526. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,211/mo property income against a $753/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1950
9,801 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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