717 Virginia AveAkronOH44306
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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
Investment property for sale in Akron at 717 Virginia Ave, Akron, OH, 44306 with 5% annual appreciation on a $107,000 basis while $1,054/mo rent supports operations. Total monthly income totals $1,054/mo and a $524/mo payment preserves $350/mo for cash returns. Annual cash flow comes to $4,199/yr on $35,471 deployed, and return on cash invested reaches 31.75% in year one. Equity gained on principal adds $690/yr, and five-year appreciation sums $29,562 alongside rental yield of 11.82%. Five-year ROI measures 166.84% and total cumulative return in cash totals $59,178.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,054/mo property income versus a $524/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
5,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44306, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 3,826 (38.3%) |
| Renter Occupied HU | 5,017 (50.2%) |
| Vacant Housing Units | 1,147 (11.5%) |
| Median Home Value | $94,541 |
| Average Home Value | $144,323 |
Housing Distribution
Address Breakdown
Residential
8,944
Single Family
8,590
Multi-Family
354
Businesses
579
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