1053 Mount Vernon 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 1053 Mount Vernon Ave, Akron, OH, 44310 offers a 14.17% rental yield on a $117,900 purchase with $1,392/mo rent. Total monthly income registers $1,392/mo, and a $577/mo payment leaves $617/mo available for distribution. Annual cash flow reaches $7,398/yr on $39,084 to close, and return on cash invested stands at 38.84% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,574 over five years. Portfolio math shows five-year ROI at 204.9% and total cumulative return in cash at $80,084. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $577/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
5,662 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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