547 Van Everett AveAkronOH44306
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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 547 Van Everett Ave, Akron, OH, 44306 uses $41,438 cash to close to unlock $1,615/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $957/mo, and a $612/mo payment keeps the spread at $135/mo. Purchase price stands at $125,000, and rental yield measures 9.19% with $957/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 124.28% and total cumulative return in cash records $51,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $957/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1915
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44306, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 3,826 (38.3%) |
| Renter Occupied HU | 5,017 (50.2%) |
| Vacant Housing Units | 1,147 (11.5%) |
| Median Home Value | $94,541 |
| Average Home Value | $144,323 |
Housing Distribution
Address Breakdown
Residential
8,944
Single Family
8,590
Multi-Family
354
Businesses
579
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