270 Melbourne AveAkronOH44313
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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 270 Melbourne Ave, Akron, OH, 44313 priced at $249,900 converts $1,745/mo rent into $101/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,745/mo, and annual cash flow totals $1,216/yr on $82,842 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 8.38% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 111.25% and total cumulative return in cash sums $92,162. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,745/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1951
8,276 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Ginger Seevers • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5109245
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