507 E Archwood AveAkronOH44301
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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 507 E Archwood Ave, Akron, OH, 44301 uses $53,007 cash to close to unlock $1,954/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $1,215/mo, and a $783/mo payment keeps the spread at $163/mo. Purchase price stands at $159,900, and rental yield measures 9.12% with $1,215/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 123.14% and total cumulative return in cash records $65,274. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,215/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1927
5,305 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44301, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 3,494 (52.9%) |
| Renter Occupied HU | 2,370 (35.9%) |
| Vacant Housing Units | 738 (11.2%) |
| Median Home Value | $102,210 |
| Average Home Value | $146,156 |
Housing Distribution
Address Breakdown
Residential
6,147
Single Family
6,017
Multi-Family
130
Businesses
302
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