2388 Banbury RdAkronOH44333
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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 2388 Banbury Rd, Akron, OH, 44333 offers a 10.02% rental yield on a $365,000 purchase with $3,047/mo rent. Total monthly income registers $3,047/mo, and a $1,786/mo payment leaves $647/mo available for distribution. Annual cash flow reaches $7,759/yr on $120,998 to close, and return on cash invested stands at 26.32% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 137.75% and total cumulative return in cash at $166,675. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,047/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44333, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,254 (100%) |
| Owner Occupied HU | 6,306 (76.4%) |
| Renter Occupied HU | 1,563 (18.9%) |
| Vacant Housing Units | 385 ( 4.7%) |
| Median Home Value | $390,969 |
| Average Home Value | $457,898 |
Housing Distribution
Address Breakdown
Residential
8,010
Single Family
7,401
Multi-Family
609
Businesses
1,319
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