111 Melbourne AveAkronOH44313
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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 111 Melbourne Ave, Akron, OH, 44313 at $290,000 posts ROI 28.96% with $725/mo cash flow from $2,743/mo rent. Total monthly income equals $2,743/mo, and annual cash flow records $8,699/yr on $96,135 to close. Return on cash invested measures 28.96% and rental yield reads 11.35% at the current $290,000. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 by year five. Five-year ROI prints 152.37% and total cumulative return in cash totals $146,476.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,743/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44313, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,928 (100%) |
| Owner Occupied HU | 7,211 (55.8%) |
| Renter Occupied HU | 4,866 (37.6%) |
| Vacant Housing Units | 851 ( 6.6%) |
| Median Home Value | $237,427 |
| Average Home Value | $279,680 |
Housing Distribution
Address Breakdown
Residential
13,241
Single Family
10,331
Multi-Family
2,910
Businesses
497
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