1048 Murray AveAkronOH44310
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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 Akron at 1048 Murray Ave, Akron, OH, 44310 uses $42,266 cash to close to unlock $1,648/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $976/mo, and a $624/mo payment keeps the spread at $137/mo. Purchase price stands at $127,500, and rental yield measures 9.19% with $976/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 124.35% and total cumulative return in cash records $52,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $976/mo property income covering a $624/mo payment rather than investor’s personal income.
Single Family
Built in 1919
4,560 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44310, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,645 (100%) |
| Owner Occupied HU | 4,493 (42.2%) |
| Renter Occupied HU | 5,086 (47.8%) |
| Vacant Housing Units | 1,066 (10.0%) |
| Median Home Value | $105,913 |
| Average Home Value | $168,108 |
Housing Distribution
Address Breakdown
Residential
9,938
Single Family
8,526
Multi-Family
1,412
Businesses
768
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