955 Fess 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
Investment property for sale in Akron at 955 Fess Ave, Akron, OH, 44307 uses $56,355 cash to close to unlock $910/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $1,194/mo, and a $832/mo payment keeps the spread at $76/mo. Purchase price stands at $170,000, and rental yield measures 8.43% with $1,194/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 112.02% and total cumulative return in cash records $63,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.52 Acres 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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