1931 Preston AveAkronOH44305
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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 1931 Preston Ave, Akron, OH, 44305 uses $61,245 cash to close to unlock $6,492/yr annual cash flow and $541/mo monthly cash flow. Total monthly income runs $1,756/mo, and a $904/mo payment keeps the spread at $541/mo. Purchase price stands at $184,750, and rental yield measures 11.41% with $1,756/mo rent. Return on cash invested shows 30.51% in year one, and 5% annual appreciation builds toward $51,043 over five years. Five-year ROI reaches 160.17% and total cumulative return in cash records $98,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,756/mo property income covering a $904/mo payment rather than investor’s personal income.
Multi Family
Built in 1963
5,279 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44305, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,072 (100%) |
| Owner Occupied HU | 5,214 (51.8%) |
| Renter Occupied HU | 3,977 (39.5%) |
| Vacant Housing Units | 881 ( 8.7%) |
| Median Home Value | $114,808 |
| Average Home Value | $180,470 |
Housing Distribution
Address Breakdown
Residential
9,483
Single Family
8,964
Multi-Family
519
Businesses
413
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Listed by: Mark A Colucci • Keller Williams Citywide
Mls Name: MLS Now
Mls Provider:
Mls ID: #5071509
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