1173 Madrid DrAkronOH44313
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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 1173 Madrid Dr, Akron, OH, 44313 uses $75,582 cash to close to unlock $3,962/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $1,830/mo, and a $1,116/mo payment keeps the spread at $330/mo. Purchase price stands at $228,000, and rental yield measures 9.63% with $1,830/mo rent. Return on cash invested shows 25.15% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash records $99,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,830/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,562 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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