21 Furnace St UNIT 705AkronOH44308
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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 21 Furnace St UNIT 705, Akron, OH, 44308 listed at $589,000 pairs $5,418/mo rent with a $2,883/mo payment to leave $1,544/mo cash flow. Total monthly income runs $5,418/mo, and annual cash flow reaches $18,522/yr on $193,781 cash to close. Return on cash invested measures 29.62% in year one, and rental yield registers 11.04% at a $589,000 basis. Equity gained on principal adds $3,801/yr, and annual property appreciation at 5% supports $162,730 by year five. Five-year ROI tracks 155.4% and total cumulative return in cash totals $301,130. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,418/mo property income relative to a $2,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
1,916 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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