640 E Lake AveBarbertonOH44203
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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 Barberton at 640 E Lake Ave, Barberton, OH, 44203 generates $1,440/mo in rent and, after a $808/mo payment, leaves $354/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $4,251/yr on $54,698 invested. Return on cash invested sits at 27.68% in year one, and rental yield is 10.47% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 145.1% and total cumulative return in cash sums $79,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44203, Barberton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,141 (100%) |
| Owner Occupied HU | 11,808 (65.1%) |
| Renter Occupied HU | 5,184 (28.6%) |
| Vacant Housing Units | 1,149 ( 6.3%) |
| Median Home Value | $169,856 |
| Average Home Value | $223,242 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
16,828
Multi-Family
725
Businesses
1,122
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