202 Crosby StAkronOH44303
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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 202 Crosby St, Akron, OH, 44303 priced at $135,000 converts $1,357/mo rent into $465/mo cash flow after a $661/mo obligation. Total monthly income equals $1,357/mo, and annual cash flow totals $5,582/yr on $44,753 invested. Return on cash invested prints 32.38% in year one, and rental yield reads 12.06% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 170.38% and total cumulative return in cash sums $76,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,357/mo property income covering a $661/mo payment, not borrower’s personal income.
Multi Family
Built in 1899
6,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44303, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,049 (53.7%) |
| Renter Occupied HU | 1,380 (36.1%) |
| Vacant Housing Units | 389 (10.2%) |
| Median Home Value | $277,930 |
| Average Home Value | $312,321 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
2,610
Multi-Family
1,184
Businesses
212
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Listed by: Sara Shier • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5129221
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