503 Park AveKentOH44240
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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 Kent at 503 Park Ave, Kent, OH, 44240 priced at $204,300 converts $1,602/mo rent into $236/mo cash flow after a $1,000/mo obligation. Total monthly income equals $1,602/mo, and annual cash flow totals $2,836/yr on $67,725 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 9.41% against a $204,300 entry. Equity gained on principal adds $1,318/yr, while 5% annual appreciation compiles into $56,444 by year five. Five-year ROI reaches 125.98% and total cumulative return in cash sums $85,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $1,000/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44240, Kent, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 9,003 (45.2%) |
| Renter Occupied HU | 9,113 (45.8%) |
| Vacant Housing Units | 1,792 ( 9.0%) |
| Median Home Value | $248,403 |
| Average Home Value | $283,411 |
Housing Distribution
Address Breakdown
Residential
18,271
Single Family
14,719
Multi-Family
3,552
Businesses
1,194
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