6519 Lorraine Ave NWMassillonOH44646
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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
Rental property for sale in Massillon at 6519 Lorraine Ave NW, Massillon, OH, 44646 offers $1,260/mo rent that, after a $1,952/mo payment. Total monthly income is $1,260/mo. Return on cash invested measures 7.54% in year one, and rental yield stands at 3.79% at a $398,900 entry. Equity gained on principal adds $2,574/yr while 5% annual appreciation compounds into $110,209 by year five. Five-year ROI records 37.01% and total cumulative return in cash reaches $48,942. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,260/mo property income versus a $1,952/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.61 Acres 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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