2385 Covington Rd APT 102AkronOH44313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2385 Covington Rd APT 102, Akron, OH, 44313 earns $518/mo cash flow from $2,094/mo rent with a $666/mo payment. Total monthly income totals $2,094/mo, and annual cash flow totals $6,217/yr on $45,084 capital. ROI tracks 33.7% on current figures, and rental yield reads 18.48% at a $136,000 purchase. Equity gained on principal adds $878/yr, and 5% annual appreciation supports $37,574 over five years. Five-year ROI reaches 183.98% and total cumulative return in cash sums $82,946. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,094/mo property income instead of your personal income.
Condo
Built in 1970
1,833 sqft lot
$N/A/sqft
$681 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44313, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,928 (100%) |
| Owner Occupied HU | 7,211 (55.8%) |
| Renter Occupied HU | 4,866 (37.6%) |
| Vacant Housing Units | 851 ( 6.6%) |
| Median Home Value | $237,427 |
| Average Home Value | $279,680 |
Housing Distribution
Address Breakdown
Residential
13,241
Single Family
10,331
Multi-Family
2,910
Businesses
497
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Listed by: Romy A Landskroner • Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5129425
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