45 Forest Cove Dr #24AkronOH44319
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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 45 Forest Cove Dr #24, Akron, OH, 44319 listed at $412,000 pairs $3,824/mo rent with a $2,017/mo payment to leave $719/mo cash flow. Total monthly income runs $3,824/mo, and annual cash flow reaches $8,634/yr on $136,578 cash to close. Return on cash invested measures 26.23% in year one, and rental yield registers 11.14% at a $412,000 basis. Equity gained on principal adds $2,659/yr, and annual property appreciation at 5% supports $113,828 by year five. Five-year ROI tracks 138.52% and total cumulative return in cash totals $189,183. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,824/mo property income relative to a $2,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
N/A lot
$N/A/sqft
$394 monthly 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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