21 Furnace St UNIT 607AkronOH44308
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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 21 Furnace St UNIT 607, Akron, OH, 44308 generates $3,360/mo in rent and, after a $2,276/mo payment, leaves $301/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $3,615/yr on $154,148 invested. Return on cash invested sits at 22.25% in year one, and rental yield is 8.67% on a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $178,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Condo
Built in 2006
1,311 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44308, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 8 ( 1.3%) |
| Renter Occupied HU | 520 (83.9%) |
| Vacant Housing Units | 92 (14.8%) |
| Median Home Value | $56,667 |
| Average Home Value | $110,313 |
Housing Distribution
Address Breakdown
Residential
538
Single Family
81
Multi-Family
457
Businesses
579
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