81 Cherry Dr 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 81 Cherry Dr NW, North Canton, OH, 44720 priced at $425,000 converts $1,860/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 11.94% in year one, and rental yield reads 5.25% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 60.62% and total cumulative return in cash sums $85,409. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1945
3,023 sqft 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: Shelly Booth • Coldwell Banker Schmidt Realty
Mls Name: MLS Now
Mls ID: #5180257