1223 Berwin StAkronOH44310
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 1223 Berwin St, Akron, OH, 44310 uses $51,681 cash to close to unlock $5,695/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $763/mo payment keeps the spread at $475/mo. Purchase price stands at $155,900, and rental yield measures 11.55% with $1,500/mo rent. Return on cash invested shows 30.93% in year one, and 5% annual appreciation builds toward $43,072 over five years. Five-year ROI reaches 162.46% and total cumulative return in cash records $83,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $763/mo payment rather than investor’s personal income.
Single Family
Built in 1921
6,398 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices