621 W Exchange StAkronOH44302
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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 621 W Exchange St, Akron, OH, 44302 generates $1,106/mo in rent and, after a $807/mo payment, leaves $21/mo in cash flow. Total monthly income is $1,106/mo, and annual cash flow is $257/yr on $54,664 invested. Return on cash invested sits at 20.38% in year one, and rental yield is 8.05% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 105.93% and total cumulative return in cash sums $57,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,106/mo property income rather than buyer’s personal income.
Multi Family
Built in 1919
3,319 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44302, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 872 (28.3%) |
| Renter Occupied HU | 1,833 (59.6%) |
| Vacant Housing Units | 371 (12.1%) |
| Median Home Value | $115,021 |
| Average Home Value | $171,413 |
Housing Distribution
Address Breakdown
Residential
2,530
Single Family
1,936
Multi-Family
594
Businesses
170
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Nearby investment properties with comparable prices
Listed by: Terry Young • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110145
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