845 16th St NEMassillonOH44646
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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 845 16th St NE, Massillon, OH, 44646 generates $2,325/mo in rent and, after a $1,314/mo payment, leaves $559/mo in cash flow. Total monthly income is $2,325/mo, and annual cash flow is $6,708/yr on $89,008 invested. Return on cash invested sits at 27.45% in year one, and rental yield is 10.39% on a $268,500 entry. Equity gained on principal adds $1,733/yr, while 5% annual appreciation builds toward $74,182 over five years. Five-year ROI reaches 143.82% and total cumulative return in cash sums $128,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
7,100 sqft 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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