615 Cherry Rd NEMassillonOH44646
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
Rental property for sale in Massillon at 615 Cherry Rd NE, Massillon, OH, 44646 priced at $180,000 pairs $1,602/mo rent with $418/mo cash flow after a $881/mo payment. Total monthly income equals $1,602/mo, and annual cash flow comes to $5,016/yr on $59,670 invested. Return on cash invested is 28.32% in year one, and rental yield stands at 10.68% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 148.4% and total cumulative return in cash reaches $88,553. For financing, Ziffy Mortgage’s DSCR program evaluates $1,602/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
4,477 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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Nearby investment properties with comparable prices
Listed by: Jose Medina • Keller Williams Legacy Group Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5118373
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