255 N Portage PathAkronOH44303
Nearby investment properties with comparable rents
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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
Rental property for sale in Akron at 255 N Portage Path, Akron, OH, 44303 generates $1,667/mo in rent, after a $930/mo payment. Total monthly income is $1,667/mo. Return on cash invested sits at 18.5% in year one, and rental yield is 10.53% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 99.26% and total cumulative return in cash sums $62,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,667/mo property income rather than buyer’s personal income.
Condo
Built in 1964
1,572 sqft lot
$N/A/sqft
$491 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44303, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,049 (53.7%) |
| Renter Occupied HU | 1,380 (36.1%) |
| Vacant Housing Units | 389 (10.2%) |
| Median Home Value | $277,930 |
| Average Home Value | $312,321 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
2,610
Multi-Family
1,184
Businesses
212
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Nearby investment properties with comparable prices
Listed by: Joe Wittensoldner • Wittensoldner Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5038897
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