866 Hanover CtAkronOH44313
Nearby investment properties with comparable rents
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 Akron at 866 Hanover Ct, Akron, OH, 44313 priced at $215,000 pairs $2,214/mo rent with $358/mo cash flow after a $1,052/mo payment. Total monthly income equals $2,214/mo, and annual cash flow comes to $4,302/yr on $71,273 invested. Return on cash invested is 25.94% in year one, and rental yield stands at 12.36% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 138.45% and total cumulative return in cash reaches $98,677. For financing, Ziffy Mortgage’s DSCR program evaluates $2,214/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$359 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44313, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,928 (100%) |
| Owner Occupied HU | 7,211 (55.8%) |
| Renter Occupied HU | 4,866 (37.6%) |
| Vacant Housing Units | 851 ( 6.6%) |
| Median Home Value | $237,427 |
| Average Home Value | $279,680 |
Housing Distribution
Address Breakdown
Residential
13,241
Single Family
10,331
Multi-Family
2,910
Businesses
497
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Nearby investment properties with comparable prices
Listed by: Larry Steinbacher • Century 21 Transcendent Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5134485
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