374 E Voris StAkronOH44311
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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 374 E Voris St, Akron, OH, 44311 priced at $102,000 converts $984/mo rent into $313/mo cash flow after a $499/mo obligation. Total monthly income equals $984/mo, and annual cash flow totals $3,760/yr on $33,813 invested. Return on cash invested prints 31.03% in year one, and rental yield reads 11.58% against a $102,000 entry. Equity gained on principal adds $658/yr, while 5% annual appreciation compiles into $28,181 by year five. Five-year ROI reaches 163.06% and total cumulative return in cash sums $55,136. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $984/mo property income covering a $499/mo payment, not borrower’s personal income.
Single Family
Built in 1894
2,099 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44311, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 653 (18.8%) |
| Renter Occupied HU | 2,200 (63.4%) |
| Vacant Housing Units | 615 (17.7%) |
| Median Home Value | $89,342 |
| Average Home Value | $137,550 |
Housing Distribution
Address Breakdown
Residential
2,820
Single Family
2,279
Multi-Family
541
Businesses
420
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