Furnished Short-Term Rental
New
For Sale
$285,000
1312 S Park Ave NW, Canton, OH 44708
Furnished cottage with lake views, outdoor living features, and professional short-term rental management.
Property Size1,280 SF
Price / SF$222.66
Days on Market4
Property Features for 1312 S Park Ave NW
General Information
Standard status
Active
Size
1,280 SF
Building Details
Year Built
1940
Listing Agency:
Hayes Realty
Listed By:
Mark S Esber · License #700325409
(330) 704-5044
Source:
Groganzeiger
Added: Sep 14
Last Checked: Sep 16 at 12:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Realty
Investment Insights
Based on property information with market context.
Built in 1940, this 1,280-square-foot cottage is configured with 3 bedrooms and 1.5 bathrooms. The property is being offered furnished and includes a fenced yard, patio, pergola, fireplace, and views of 144-acre private Meyers Lake, along with lake privileges.
The home operates as a short-term rental managed by Evolve, with pre-stay guest communication handled through the management arrangement. It recorded 49% occupancy in 2025 and is located 2 miles from the Pro Football Hall of Fame in Canton, Ohio.
The home operates as a short-term rental managed by Evolve, with pre-stay guest communication handled through the management arrangement. It recorded 49% occupancy in 2025 and is located 2 miles from the Pro Football Hall of Fame in Canton, Ohio.
Key Highlights
- 1,280‑square‑foot cottage built in 1940
- 3 bedrooms and 1.5 bathrooms
- Views of 144‑acre private Meyers Lake with lake privileges
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,375
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$187,500
$187.5K
Cap Rate 7%
$133,929
$133.9K
Cap Rate 9%
$104,167
$104.2K
Market Conditions
NOI Build-Up for 1,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.7K $13.80/SF
− Vacancy
−$618 −$0.48/SF
EGI
$17.0K $13.32/SF
− OpEx
−$7.7K −$5.99/SF
NOI
$9.4K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$187,500
Cap Rate 7%
$133,929
Cap Rate 9%
$104,167
Alternative Uses
Best Use
Apartment 5plus
$133.9K
$117.2K – $156.3K
NOI $9,375 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$334.2K
$292.4K – $389.9K
NOI $23,394 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
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Business Placement
Demographics for 44708, OH
25,386
Population
11,758
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
10.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$60,159
Median Household Income
$37,217
Median Earnings
$926
Median Rent
$164,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished cottage with lake views, outdoor living features, and professional short-term rental management.
Where is this short term rental property located?
The property is located at 1312 S Park Ave NW Canton, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,280‑square‑foot cottage built in 1940; 3 bedrooms and 1.5 bathrooms; Views of 144‑acre private Meyers Lake with lake privileges
