1389 Diagonal RdAkronOH44320
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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 1389 Diagonal Rd, Akron, OH, 44320 uses $36,465 cash to close to unlock $9,958/yr annual cash flow and $830/mo monthly cash flow. Total monthly income runs $1,553/mo, and a $538/mo payment keeps the spread at $830/mo. Purchase price stands at $110,000, and rental yield measures 16.94% with $1,553/mo rent. Return on cash invested shows 47.22% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 249.81% and total cumulative return in cash records $91,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,553/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1928
5,736 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44320, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,636 (100%) |
| Owner Occupied HU | 4,587 (47.6%) |
| Renter Occupied HU | 4,100 (42.5%) |
| Vacant Housing Units | 949 ( 9.8%) |
| Median Home Value | $131,432 |
| Average Home Value | $168,422 |
Housing Distribution
Address Breakdown
Residential
8,963
Single Family
8,140
Multi-Family
823
Businesses
433
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Listed by: Nichole Bourquin • Berkshire Hathaway HomeServices Stouffer Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5129844
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