2368 & 2370 Newton StAkronOH44305
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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 2368 & 2370 Newton St, Akron, OH, 44305 offers a 12.54% rental yield on a $114,850 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $562/mo payment leaves $445/mo available for distribution. Annual cash flow reaches $5,336/yr on $38,073 to close, and return on cash invested stands at 33.92% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,731 over five years. Portfolio math shows five-year ROI at 178.52% and total cumulative return in cash at $67,966. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1959
5,623 sqft 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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