844 Renninger RdNew FranklinOH44319
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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 New Franklin at 844 Renninger Rd, New Franklin, OH, 44319 priced at $120,000 converts $1,384/mo rent into $547/mo cash flow after a $587/mo obligation. Total monthly income equals $1,384/mo, and annual cash flow totals $6,564/yr on $39,780 invested. Return on cash invested prints 36.41% in year one, and rental yield reads 13.84% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 192.33% and total cumulative return in cash sums $76,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,384/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1952
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44319, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,424 (100%) |
| Owner Occupied HU | 7,356 (70.6%) |
| Renter Occupied HU | 2,136 (20.5%) |
| Vacant Housing Units | 932 ( 8.9%) |
| Median Home Value | $244,770 |
| Average Home Value | $303,264 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,536
Multi-Family
437
Businesses
782
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Listed by: Rebbecca Tessanne • Howard Hanna
Mls Name: MLS Now
Mls ID: #5130883