1199 Iona AveAkronOH44314
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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 1199 Iona Ave, Akron, OH, 44314 offers a 9.15% rental yield on a $139,000 purchase with $1,060/mo rent. Total monthly income registers $1,060/mo, and a $680/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,752/yr on $46,079 to close, and return on cash invested stands at 23.71% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 123.82% and total cumulative return in cash at $57,056. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,060/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44314, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,406 (100%) |
| Owner Occupied HU | 4,008 (47.7%) |
| Renter Occupied HU | 3,583 (42.6%) |
| Vacant Housing Units | 815 ( 9.7%) |
| Median Home Value | $87,467 |
| Average Home Value | $148,272 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,734
Multi-Family
116
Businesses
380
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