317 Para AveAkronOH44305
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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
Rental property for sale in Akron at 317 Para Ave, Akron, OH, 44305 priced at $104,900 converts $836/mo rent into $146/mo cash flow after a $513/mo obligation. Total monthly income equals $836/mo, and annual cash flow totals $1,757/yr on $34,774 invested. Return on cash invested prints 24.96% in year one, and rental yield reads 9.56% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 130.53% and total cumulative return in cash sums $45,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $836/mo property income covering a $513/mo payment, not borrower’s personal income.
Single Family
Built in 1918
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44305, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,072 (100%) |
| Owner Occupied HU | 5,214 (51.8%) |
| Renter Occupied HU | 3,977 (39.5%) |
| Vacant Housing Units | 881 ( 8.7%) |
| Median Home Value | $114,808 |
| Average Home Value | $180,470 |
Housing Distribution
Address Breakdown
Residential
9,483
Single Family
8,964
Multi-Family
519
Businesses
413
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