575 Fernwood DrAkronOH44320
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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 575 Fernwood Dr, Akron, OH, 44320 with 5% annual appreciation on a $109,900 basis while $1,477/mo rent supports operations. Total monthly income totals $1,477/mo and a $538/mo payment preserves $754/mo for cash returns. Annual cash flow comes to $9,048/yr on $36,432 deployed, and return on cash invested reaches 44.74% in year one. Equity gained on principal adds $709/yr, and five-year appreciation sums $30,363 alongside rental yield of 16.13%. Five-year ROI measures 236.54% and total cumulative return in cash totals $86,176.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,477/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44320, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,636 (100%) |
| Owner Occupied HU | 4,587 (47.6%) |
| Renter Occupied HU | 4,100 (42.5%) |
| Vacant Housing Units | 949 ( 9.8%) |
| Median Home Value | $131,432 |
| Average Home Value | $168,422 |
Housing Distribution
Address Breakdown
Residential
8,963
Single Family
8,140
Multi-Family
823
Businesses
433
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