611 3rd St 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 611 3rd St NE, Massillon, OH, 44646 earns $185/mo cash flow from $1,040/mo rent with a $636/mo payment. Total monthly income totals $1,040/mo, and annual cash flow totals $2,222/yr on $43,095 capital. ROI tracks 25.06% on current figures, and rental yield reads 9.6% at a $129,999 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,916 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash sums $56,486. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,040/mo property income instead of your personal income.
Single Family
Built in 1892
2,260 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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