2244 Cooledge 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
Total monthly income runs $1,537/mo, and a $1,329/mo payment. Purchase price stands at $271,500, and rental yield measures 6.79% with $1,537/mo rent. Return on cash invested shows 16.2% in year one, and 5% annual appreciation builds toward $75,010 over five years. Five-year ROI reaches 83.67% and total cumulative return in cash records $75,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $1,329/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.39 Acres 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: Joseph Camp • RE/MAX Edge Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5136701
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