585-583 E Buchtel AveAkronOH44304
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing585-583 E Buchtel Ave, Akron, OH, 44304 in Akron is a stable, well-positioned rental at $300,000. Rental yield 6.31%. DSCR 1.17 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $82,884 in value and $2,763/yr in principal paydown builds equity, a total projected return of $88,816.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 6.8% |
| Monthly Cash Flow | $(395) | $450 |
City averages based on Akron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,578 |
| Total Monthly Debt Service | $1,854 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices