575 Noble AveAkronOH44320
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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
Rental property for sale in Akron at 575 Noble Ave, Akron, OH, 44320 priced at $118,900 converts $952/mo rent into $170/mo cash flow after a $582/mo obligation. Total monthly income equals $952/mo, and annual cash flow totals $2,038/yr on $39,415 invested. Return on cash invested prints 25.08% in year one, and rental yield reads 9.61% against a $118,900 entry. Equity gained on principal adds $767/yr, while 5% annual appreciation compiles into $32,850 by year five. Five-year ROI reaches 131.06% and total cumulative return in cash sums $51,658. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $952/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.26 Acres 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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