567 Elko 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 567 Elko Ave, Akron, OH, 44305 listed at $148,900 pairs $1,200/mo rent with a $729/mo payment to leave $220/mo cash flow. Total monthly income runs $1,200/mo, and annual cash flow reaches $2,644/yr on $49,360 cash to close. Return on cash invested measures 25.27% in year one, and rental yield registers 9.67% at a $148,900 basis. Equity gained on principal adds $961/yr, and annual property appreciation at 5% supports $41,138 by year five. Five-year ROI tracks 132.12% and total cumulative return in cash totals $65,217. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $729/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
5,227 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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Nearby investment properties with comparable prices
Listed by: Shelley Parsons • RE/MAX Diversity Real Estate Group LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5091578
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