523 Lamont AveAkronOH44305
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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 523 Lamont Ave, Akron, OH, 44305 at $100,000 posts ROI 24.2% with $119/mo cash flow from $776/mo rent. Total monthly income equals $776/mo, and annual cash flow records $1,424/yr on $33,150 to close. Return on cash invested measures 24.2% and rental yield reads 9.31% at the current $100,000. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 by year five. Five-year ROI prints 126.38% and total cumulative return in cash totals $41,896.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $776/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
5,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44305, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,072 (100%) |
| Owner Occupied HU | 5,214 (51.8%) |
| Renter Occupied HU | 3,977 (39.5%) |
| Vacant Housing Units | 881 ( 8.7%) |
| Median Home Value | $114,808 |
| Average Home Value | $180,470 |
Housing Distribution
Address Breakdown
Residential
9,483
Single Family
8,964
Multi-Family
519
Businesses
413
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