815 Sheridan AveAkronOH44307
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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 815 Sheridan Ave, Akron, OH, 44307 priced at $119,900 converts $1,537/mo rent into $748/mo cash flow after a $587/mo obligation. Total monthly income equals $1,537/mo, and annual cash flow totals $8,978/yr on $39,747 invested. Return on cash invested prints 42.5% in year one, and rental yield reads 15.38% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 224.59% and total cumulative return in cash sums $89,268. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,537/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1923
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44307, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,782 (100%) |
| Owner Occupied HU | 1,044 (27.6%) |
| Renter Occupied HU | 2,299 (60.8%) |
| Vacant Housing Units | 439 (11.6%) |
| Median Home Value | $70,427 |
| Average Home Value | $107,189 |
Housing Distribution
Address Breakdown
Residential
3,498
Single Family
2,671
Multi-Family
827
Businesses
114
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