6116 Melody Rd NECantonOH44721
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
Investment Highlights
Investment property for sale in Canton at 6116 Melody Rd NE, Canton, OH, 44721 earns $176/mo cash flow from $1,794/mo rent with a $1,204/mo payment. Total monthly income totals $1,794/mo, and annual cash flow totals $2,113/yr on $81,516 capital. ROI tracks 22.5% on current figures, and rental yield reads 8.75% at a $245,900 purchase. Equity gained on principal adds $1,587/yr, and 5% annual appreciation supports $67,938 over five years. Five-year ROI reaches 117.32% and total cumulative return in cash sums $95,635. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,794/mo property income instead of your personal income.
Single Family
Built in 1956
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44721, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,940 (100%) |
| Owner Occupied HU | 4,918 (82.8%) |
| Renter Occupied HU | 814 (13.7%) |
| Vacant Housing Units | 208 ( 3.5%) |
| Median Home Value | $247,792 |
| Average Home Value | $266,538 |
Housing Distribution
Address Breakdown
Residential
5,946
Single Family
5,875
Multi-Family
71
Businesses
139
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Nearby investment properties with comparable prices
Listed by: Jose Medina • Keller Williams Legacy Group Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5136019
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