370 Cypress AveAkronOH44301
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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 370 Cypress Ave, Akron, OH, 44301 uses $36,134 cash to close to unlock $8,970/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $1,465/mo, and a $534/mo payment keeps the spread at $748/mo. Purchase price stands at $109,000, and rental yield measures 16.13% with $1,465/mo rent. Return on cash invested shows 44.73% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 236.52% and total cumulative return in cash records $85,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,465/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1917
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44301, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 3,494 (52.9%) |
| Renter Occupied HU | 2,370 (35.9%) |
| Vacant Housing Units | 738 (11.2%) |
| Median Home Value | $102,210 |
| Average Home Value | $146,156 |
Housing Distribution
Address Breakdown
Residential
6,147
Single Family
6,017
Multi-Family
130
Businesses
302
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