








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in New Franklin at 166 Shrakes Hotel Dr, New Franklin, OH, 44319 with 5% annual appreciation on a $549,000 basis while $2,634/mo rent supports operations. 57% in year one. Equity gained on principal adds $3,543/yr, and five-year appreciation sums $151,679 alongside rental yield of 5.76%. Five-year ROI measures 69.32% and total cumulative return in cash totals $125,204. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,634/mo property income versus a $2,687/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44319, Akron, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,424 (100%) |
| Owner Occupied HU | 7,356 (70.6%) |
| Renter Occupied HU | 2,136 (20.5%) |
| Vacant Housing Units | 932 ( 8.9%) |
| Median Home Value | $244,770 |
| Average Home Value | $303,264 |
Residential
9,973
Single Family
9,536
Multi-Family
437
Businesses
782
Date | Event | Price |
|---|---|---|
| 2025-02-11 | Price change | $549,000 |
| 2024-11-19 | Listed for sale | $599,900 |
| 2016-05-17 | Sold | $323,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $7798.08 | 7.59% | $156,300 | 38.00% |
| 2022-02-15 | $7248.28 | -0.36% | $113,264 | N/A |
| 2021-02-15 | $7274.16 | N/A | $113,264 | N/A |



Listed by: James O Babcock • Cutler Real Estate
Mls Name: MLS Now
Mls Provider:
Mls ID: #5085942
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