404 Newell AveAkronOH44305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 Newell Ave, Akron, OH, 44305 priced at $165,000 pairs $1,687/mo rent with $601/mo cash flow after a $808/mo payment. Total monthly income equals $1,687/mo, and annual cash flow comes to $7,215/yr on $54,698 invested. Return on cash invested is 33.1% in year one, and rental yield stands at 12.27% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 174.15% and total cumulative return in cash reaches $95,255. For financing, Ziffy Mortgage’s DSCR program evaluates $1,687/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
5,998 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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