696 Ecton RdAkronOH44303
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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 696 Ecton Rd, Akron, OH, 44303 priced at $249,500 converts $1,853/mo rent into $212/mo cash flow after a $1,221/mo obligation. Total monthly income equals $1,853/mo, and annual cash flow totals $2,544/yr on $82,709 invested. Return on cash invested prints 22.98% in year one, and rental yield reads 8.91% against a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation compiles into $68,932 by year five. Five-year ROI reaches 119.9% and total cumulative return in cash sums $99,165. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,853/mo property income covering a $1,221/mo payment, not borrower’s personal income.
Single Family
Built in 1952
8,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44303, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,049 (53.7%) |
| Renter Occupied HU | 1,380 (36.1%) |
| Vacant Housing Units | 389 (10.2%) |
| Median Home Value | $277,930 |
| Average Home Value | $312,321 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
2,610
Multi-Family
1,184
Businesses
212
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