308 S Pine StAkronIN46910
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 308 S Pine St, Akron, IN, 46910 in Akron is narrow, $77/mo net on $1,188/mo rent after the $832/mo debt service, but the property operates at break-even-plus, not a loss. At $185,000 with a 7.71% yield, the long-run equity case via 5% appreciation ($51,112 over five years) and $1,704/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.43 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $74,981.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 7.0% |
| Monthly Cash Flow | $77 | $1,200 |
City averages based on Akron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,188 |
| Total Monthly Debt Service | $1,037 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46910, Akron, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,402 (100%) |
| Owner Occupied HU | 1,020 (72.8%) |
| Renter Occupied HU | 223 (15.9%) |
| Vacant Housing Units | 159 (11.3%) |
| Median Home Value | $223,214 |
| Average Home Value | $218,537 |
Housing Distribution
Address Breakdown
Residential
1,038
Single Family
1,022
Multi-Family
16
Businesses
68
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
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46910, Akron, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,402 (100%) |
| Owner Occupied HU | 1,020 (72.8%) |
| Renter Occupied HU | 223 (15.9%) |
| Vacant Housing Units | 159 (11.3%) |
| Median Home Value | $223,214 |
| Average Home Value | $218,537 |
Housing Distribution
Address Breakdown
Residential
1,038
Single Family
1,022
Multi-Family
16
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices