7840 Newgate 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
Rental property for sale in North Canton at 7840 Newgate Ave NW, North Canton, OH, 44720 generates $3,281/mo in rent and, after a $1,637/mo payment, leaves $1,081/mo in cash flow. Total monthly income is $3,281/mo, and annual cash flow is $12,973/yr on $110,854 invested. Return on cash invested sits at 31.61% in year one, and rental yield is 11.77% on a $334,400 entry. Equity gained on principal adds $2,158/yr, while 5% annual appreciation builds toward $92,389 over five years. Five-year ROI reaches 166.15% and total cumulative return in cash sums $184,188. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,281/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.27 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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