248 E Catawba AveAkronOH44301
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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
Rental property for sale in Akron at 248 E Catawba Ave, Akron, OH, 44301 priced at $178,900 pairs $1,597/mo rent with $420/mo cash flow after a $876/mo payment. Total monthly income equals $1,597/mo, and annual cash flow comes to $5,038/yr on $59,305 invested. Return on cash invested is 28.4% in year one, and rental yield stands at 10.71% on a $178,900 basis. Equity gained on principal adds $1,154/yr, and 5% annual appreciation accumulates to $49,427 by year five. Five-year ROI measures 148.94% and total cumulative return in cash reaches $88,327. For financing, Ziffy Mortgage’s DSCR program evaluates $1,597/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1943
8,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44301, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 3,494 (52.9%) |
| Renter Occupied HU | 2,370 (35.9%) |
| Vacant Housing Units | 738 (11.2%) |
| Median Home Value | $102,210 |
| Average Home Value | $146,156 |
Housing Distribution
Address Breakdown
Residential
6,147
Single Family
6,017
Multi-Family
130
Businesses
302
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