2789 Old Home RdAkronOH44312
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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 2789 Old Home Rd, Akron, OH, 44312 uses $65,637 cash to close to unlock $5,264/yr annual cash flow and $439/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $969/mo payment keeps the spread at $439/mo. Purchase price stands at $198,000, and rental yield measures 10.55% with $1,741/mo rent. Return on cash invested shows 27.93% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 146.37% and total cumulative return in cash records $96,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1998
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44312, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,687 (100%) |
| Owner Occupied HU | 9,872 (67.2%) |
| Renter Occupied HU | 3,830 (26.1%) |
| Vacant Housing Units | 985 ( 6.7%) |
| Median Home Value | $167,255 |
| Average Home Value | $203,409 |
Housing Distribution
Address Breakdown
Residential
14,417
Single Family
13,884
Multi-Family
533
Businesses
854
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