1266 Pitkin AveAkronOH44310
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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 1266 Pitkin Ave, Akron, OH, 44310 offers a 9.03% rental yield on a $127,000 purchase with $956/mo rent. Total monthly income registers $956/mo, and a $622/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,443/yr on $42,101 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $820/yr while 5% annual appreciation supports $35,088 over five years. Portfolio math shows five-year ROI at 121.82% and total cumulative return in cash at $51,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $956/mo property income against a $622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
4,599 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
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