1609 Salem AveAkronOH44306
Nearby investment properties with comparable rents
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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
Rental property for sale in Akron at 1609 Salem Ave, Akron, OH, 44306 generates $1,248/mo in rent and, after a $734/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,248/mo, and annual cash flow is $2,139/yr on $49,725 invested. Return on cash invested sits at 24.21% in year one, and rental yield is 9.98% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 127.24% and total cumulative return in cash sums $63,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,248/mo property income rather than buyer’s personal income.
Multi Family
Built in 1928
4,678 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44306, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 3,826 (38.3%) |
| Renter Occupied HU | 5,017 (50.2%) |
| Vacant Housing Units | 1,147 (11.5%) |
| Median Home Value | $94,541 |
| Average Home Value | $144,323 |
Housing Distribution
Address Breakdown
Residential
8,944
Single Family
8,590
Multi-Family
354
Businesses
579
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Nearby investment properties with comparable prices
Listed by: Nick Rock • Keller Williams Legacy Group Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5129894
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