887 Reed AveAkronOH44306
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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 887 Reed Ave, Akron, OH, 44306 priced at $104,500 converts $813/mo rent into $126/mo cash flow after a $511/mo obligation. Total monthly income equals $813/mo, and annual cash flow totals $1,513/yr on $34,642 invested. Return on cash invested prints 24.28% in year one, and rental yield reads 9.34% against a $104,500 entry. Equity gained on principal adds $674/yr, while 5% annual appreciation compiles into $28,871 by year five. Five-year ROI reaches 126.89% and total cumulative return in cash sums $43,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $813/mo property income covering a $511/mo payment, not borrower’s personal income.
Single Family
Built in 1953
4,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44306, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 3,826 (38.3%) |
| Renter Occupied HU | 5,017 (50.2%) |
| Vacant Housing Units | 1,147 (11.5%) |
| Median Home Value | $94,541 |
| Average Home Value | $144,323 |
Housing Distribution
Address Breakdown
Residential
8,944
Single Family
8,590
Multi-Family
354
Businesses
579
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