449 W Long Lake BlvdAkronOH44319
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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 449 W Long Lake Blvd, Akron, OH, 44319 priced at $207,000 converts $1,420/mo rent into $59/mo cash flow after a $1,013/mo obligation. Total monthly income equals $1,420/mo, and annual cash flow totals $703/yr on $68,621 invested. Return on cash invested prints 20.93% in year one, and rental yield reads 8.23% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 108.86% and total cumulative return in cash sums $74,698. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,420/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Single Family
Built in 1957
9,448 sqft 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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