276 Malacca StAkronOH44305
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 276 Malacca St, Akron, OH, 44305 uses $39,449 cash to close to unlock $8,290/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $1,480/mo, and a $582/mo payment keeps the spread at $691/mo. Purchase price stands at $119,000, and rental yield measures 14.92% with $1,480/mo rent. Return on cash invested shows 40.92% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 216.11% and total cumulative return in cash records $85,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,480/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44305, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,072 (100%) |
| Owner Occupied HU | 5,214 (51.8%) |
| Renter Occupied HU | 3,977 (39.5%) |
| Vacant Housing Units | 881 ( 8.7%) |
| Median Home Value | $114,808 |
| Average Home Value | $180,470 |
Housing Distribution
Address Breakdown
Residential
9,483
Single Family
8,964
Multi-Family
519
Businesses
413
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Nearby investment properties with comparable prices
Listed by: Lisa L Grzybowski • DeHOFF REALTORS
Mls Name: MLS Now
Mls Provider:
Mls ID: #5158776
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