8507 Akins Rd #C-2North RoyaltonOH44133
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Nearby investment properties with comparable prices
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 North Royalton at 8507 Akins Rd #C-2, North Royalton, OH, 44133 generates $1,416/mo in rent and, after a $538/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,416/mo, and annual cash flow is $4,570/yr on $36,465 invested. Return on cash invested sits at 32.44% in year one, and rental yield is 15.45% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 174.31% and total cumulative return in cash sums $63,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,416/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$312 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44133, North Royalton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,306 (100%) |
| Owner Occupied HU | 9,800 (68.5%) |
| Renter Occupied HU | 3,832 (26.8%) |
| Vacant Housing Units | 674 ( 4.7%) |
| Median Home Value | $300,822 |
| Average Home Value | $311,296 |
Housing Distribution
Address Breakdown
Residential
14,122
Single Family
9,939
Multi-Family
4,183
Businesses
879
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-16 | Sold | $110,000 |
| 2025-09-16 | Pending sale | $110,000 |
| 2025-08-31 | Contingent | $110,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1378.36 | 31.74% | $23,730 | 43.64% |
| 2023-11-02 | $1046.26 | 0.68% | $16,520 | N/A |
| 2022-11-02 | $1039.18 | -1.04% | $16,520 | N/A |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1973
- Architectural Style: Multiplex
- Building Area: 874
- Living Area: 874 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Granite Counters
- Exterior Features: N/A
- Parking Features: Detached, Garage
Location
- City: North Royalton
- State: OH
- Subdivision: Royal Park Condo Ph 01
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: $312 monthly
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Association Management, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Recreation Facilities, Sewer, Snow Removal, Trash, Water
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Lauren Drew • Cleveland Realty Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5132089
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