916 Kling StAkronOH44311
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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 916 Kling St, Akron, OH, 44311 generates $1,442/mo in rent and, after a $611/mo payment, leaves $621/mo in cash flow. Total monthly income is $1,442/mo, and annual cash flow is $7,450/yr on $41,388 invested. Return on cash invested sits at 37.91% in year one, and rental yield is 13.86% on a $124,850 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,494 over five years. Five-year ROI reaches 199.9% and total cumulative return in cash sums $82,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,442/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
5,279 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44311, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 653 (18.8%) |
| Renter Occupied HU | 2,200 (63.4%) |
| Vacant Housing Units | 615 (17.7%) |
| Median Home Value | $89,342 |
| Average Home Value | $137,550 |
Housing Distribution
Address Breakdown
Residential
2,820
Single Family
2,279
Multi-Family
541
Businesses
420
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Listed by: William J Penney • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5126474
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