3301 Cormany RdAkronOH44319
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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 3301 Cormany Rd, Akron, OH, 44319 uses $72,897 cash to close to unlock $298/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,471/mo, and a $1,076/mo payment keeps the spread at $25/mo. Purchase price stands at $219,900, and rental yield measures 8.03% with $1,471/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 105.54% and total cumulative return in cash records $76,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,471/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44319, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,424 (100%) |
| Owner Occupied HU | 7,356 (70.6%) |
| Renter Occupied HU | 2,136 (20.5%) |
| Vacant Housing Units | 932 ( 8.9%) |
| Median Home Value | $244,770 |
| Average Home Value | $303,264 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,536
Multi-Family
437
Businesses
782
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