494 Arbor LnAkronOH44321
Nearby investment properties with comparable rents
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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 494 Arbor Ln, Akron, OH, 44321 priced at $450,000 converts $2,618/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,618/mo. Return on cash invested prints 16.04% in year one, and rental yield reads 6.98% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 83% and total cumulative return in cash sums $123,810. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,618/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,688 sqft lot
$N/A/sqft
$1,662 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44321, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 5,003 (70.3%) |
| Renter Occupied HU | 1,790 (25.2%) |
| Vacant Housing Units | 322 ( 4.5%) |
| Median Home Value | $354,394 |
| Average Home Value | $372,498 |
Housing Distribution
Address Breakdown
Residential
6,953
Single Family
6,209
Multi-Family
744
Businesses
372
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Nearby investment properties with comparable prices
Listed by: Manjinder Singh • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5109861
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