7140 Lake O Springs Ave NWNorth CantonOH44720
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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 North Canton at 7140 Lake O Springs Ave NW, North Canton, OH, 44720 listed at $375,000 pairs $2,747/mo rent with a $1,835/mo payment to leave $281/mo cash flow. Total monthly income runs $2,747/mo, and annual cash flow reaches $3,369/yr on $124,313 cash to close. Return on cash invested measures 22.62% in year one, and rental yield registers 8.79% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 117.89% and total cumulative return in cash totals $146,547. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,747/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44720, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,102 (100%) |
| Owner Occupied HU | 12,320 (68.1%) |
| Renter Occupied HU | 4,840 (26.7%) |
| Vacant Housing Units | 942 ( 5.2%) |
| Median Home Value | $264,902 |
| Average Home Value | $297,243 |
Housing Distribution
Address Breakdown
Residential
17,503
Single Family
16,416
Multi-Family
1,087
Businesses
1,548
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Listed by: Todd Ryan Casey • High Point Real Estate Group
Mls Name: MLS Now
Mls ID: #5146530