2867 Morrison StAkronOH44312
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 2867 Morrison St, Akron, OH, 44312 with 5% annual appreciation on a $112,000 basis while $863/mo rent supports operations. Total monthly income totals $863/mo and a $548/mo payment preserves $123/mo for cash returns. Annual cash flow comes to $1,473/yr on $37,128 deployed, and return on cash invested reaches 23.88% in year one. Equity gained on principal adds $723/yr, and five-year appreciation sums $30,944 alongside rental yield of 9.25%. Five-year ROI measures 124.67% and total cumulative return in cash totals $46,287.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $863/mo property income versus a $548/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
6,751 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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Nearby investment properties with comparable prices
Listed by: Carol A Cooper • Keller Williams Legacy Group Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110542
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