2967 Millbrook StAkronOH44314
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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 2967 Millbrook St, Akron, OH, 44314 uses $49,692 cash to close to unlock $4,064/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,325/mo, and a $734/mo payment keeps the spread at $339/mo. Purchase price stands at $149,900, and rental yield measures 10.61% with $1,325/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 147.21% and total cumulative return in cash records $73,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,325/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1957
6,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44314, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,406 (100%) |
| Owner Occupied HU | 4,008 (47.7%) |
| Renter Occupied HU | 3,583 (42.6%) |
| Vacant Housing Units | 815 ( 9.7%) |
| Median Home Value | $87,467 |
| Average Home Value | $148,272 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,734
Multi-Family
116
Businesses
380
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