700 8th St NECantonOH44704
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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 Canton at 700 8th St NE, Canton, OH, 44704 uses $36,465 cash to close to unlock $8,410/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $1,424/mo, and a $538/mo payment keeps the spread at $701/mo. Purchase price stands at $110,000, and rental yield measures 15.53% with $1,424/mo rent. Return on cash invested shows 42.97% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 227.03% and total cumulative return in cash records $82,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,424/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1901
2,570 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44704, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,933 (100%) |
| Owner Occupied HU | 752 (38.9%) |
| Renter Occupied HU | 900 (46.6%) |
| Vacant Housing Units | 281 (14.5%) |
| Median Home Value | $72,364 |
| Average Home Value | $129,219 |
Housing Distribution
Address Breakdown
Residential
1,505
Single Family
1,419
Multi-Family
86
Businesses
87
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