2069 Penguin AveAkronOH44319
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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 2069 Penguin Ave, Akron, OH, 44319 uses $45,747 cash to close to unlock $5,108/yr annual cash flow and $426/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $675/mo payment keeps the spread at $426/mo. Purchase price stands at $138,000, and rental yield measures 11.59% with $1,333/mo rent. Return on cash invested shows 31.08% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 163.28% and total cumulative return in cash records $74,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $675/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44319, Akron, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,536
Multi-Family
437
Businesses
782
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