489 Howard AveAkronOH44312
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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 489 Howard Ave, Akron, OH, 44312 priced at $153,000 pairs $1,194/mo rent with $187/mo cash flow after a $749/mo payment. Total monthly income equals $1,194/mo, and annual cash flow comes to $2,249/yr on $50,720 invested. Return on cash invested is 24.34% in year one, and rental yield stands at 9.36% on a $153,000 basis. Equity gained on principal adds $987/yr, and 5% annual appreciation accumulates to $42,271 by year five. Five-year ROI measures 127.19% and total cumulative return in cash reaches $64,512. For financing, Ziffy Mortgage’s DSCR program evaluates $1,194/mo property income against a $749/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44312, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,687 (100%) |
| Owner Occupied HU | 9,872 (67.2%) |
| Renter Occupied HU | 3,830 (26.1%) |
| Vacant Housing Units | 985 ( 6.7%) |
| Median Home Value | $167,255 |
| Average Home Value | $203,409 |
Housing Distribution
Address Breakdown
Residential
14,417
Single Family
13,884
Multi-Family
533
Businesses
854
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