853 Russell 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 853 Russell Ave, Akron, OH, 44307 offers $1,239/mo rent that, after a $582/mo payment, leaves $457/mo cash flow. Total monthly income is $1,239/mo, and annual cash flow is $5,482/yr on $39,415 cash. Return on cash invested measures 33.82% in year one, and rental yield stands at 12.5% at a $118,900 entry. Equity gained on principal adds $767/yr while 5% annual appreciation compounds into $32,850 by year five. Five-year ROI records 177.95% and total cumulative return in cash reaches $70,138. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,239/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
4,839 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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