1124 Hammel StAkronOH44306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1124 Hammel St, Akron, OH, 44306 uses $43,062 cash to close to unlock $6,148/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $1,367/mo, and a $636/mo payment keeps the spread at $512/mo. Purchase price stands at $129,900, and rental yield measures 12.63% with $1,367/mo rent. Return on cash invested shows 34.19% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 180.01% and total cumulative return in cash records $77,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,367/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44306, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 3,826 (38.3%) |
| Renter Occupied HU | 5,017 (50.2%) |
| Vacant Housing Units | 1,147 (11.5%) |
| Median Home Value | $94,541 |
| Average Home Value | $144,323 |
Housing Distribution
Address Breakdown
Residential
8,944
Single Family
8,590
Multi-Family
354
Businesses
579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices