559 Patterson AveAkronOH44310
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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 559 Patterson Ave, Akron, OH, 44310 earns $185/mo cash flow from $1,057/mo rent with a $649/mo payment. Total monthly income totals $1,057/mo, and annual cash flow totals $2,220/yr on $43,924 capital. ROI tracks 24.96% on current figures, and rental yield reads 9.57% at a $132,500 purchase. Equity gained on principal adds $855/yr, and 5% annual appreciation supports $36,607 over five years. Five-year ROI reaches 130.44% and total cumulative return in cash sums $57,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,057/mo property income instead of your personal income.
Single Family
Built in 1919
4,987 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44310, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,645 (100%) |
| Owner Occupied HU | 4,493 (42.2%) |
| Renter Occupied HU | 5,086 (47.8%) |
| Vacant Housing Units | 1,066 (10.0%) |
| Median Home Value | $105,913 |
| Average Home Value | $168,108 |
Housing Distribution
Address Breakdown
Residential
9,938
Single Family
8,526
Multi-Family
1,412
Businesses
768
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