3117 Dorchester CtAkronOH44312
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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 3117 Dorchester Ct, Akron, OH, 44312 uses $69,615 cash to close to unlock $1,290/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $1,028/mo payment keeps the spread at $108/mo. Purchase price stands at $210,000, and rental yield measures 10.02% with $1,754/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 114.98% and total cumulative return in cash records $80,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 2000
3,702 sqft lot
$N/A/sqft
$265 monthly 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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