515 Hillman RdAkronOH44312
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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 515 Hillman Rd, Akron, OH, 44312 priced at $149,900 converts $1,193/mo rent into $207/mo cash flow after a $734/mo obligation. Total monthly income equals $1,193/mo, and annual cash flow totals $2,480/yr on $49,692 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 9.55% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 130.16% and total cumulative return in cash sums $64,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,193/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1959
9,099 sqft 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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