585-583 E Buchtel AveAkronOH44304
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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 585-583 E Buchtel Ave, Akron, OH, 44304 generates $1,578/mo in rent, after a $1,468/mo payment. Total monthly income is $1,578/mo. Return on cash invested sits at 15.14% in year one, and rental yield is 6.31% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 77.78% and total cumulative return in cash sums $77,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,578/mo property income rather than buyer’s personal income.
Multi Family
Built in 2005
10,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44304, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 210 (11.0%) |
| Renter Occupied HU | 1,297 (67.8%) |
| Vacant Housing Units | 407 (21.3%) |
| Median Home Value | $115,625 |
| Average Home Value | $167,022 |
Housing Distribution
Address Breakdown
Residential
1,678
Single Family
1,012
Multi-Family
666
Businesses
214
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