955 Iona AveAkronOH44314
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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 Iona Ave, Akron, OH, 44314 listed at $109,400 pairs $1,319/mo rent with a $535/mo payment to leave $600/mo cash flow. Total monthly income runs $1,319/mo, and annual cash flow reaches $7,198/yr on $36,266 cash to close. Return on cash invested measures 39.76% in year one, and rental yield registers 14.47% at a $109,400 basis. Equity gained on principal adds $706/yr, and annual property appreciation at 5% supports $30,225 by year five. Five-year ROI tracks 209.79% and total cumulative return in cash totals $76,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,319/mo property income relative to a $535/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44314, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,406 (100%) |
| Owner Occupied HU | 4,008 (47.7%) |
| Renter Occupied HU | 3,583 (42.6%) |
| Vacant Housing Units | 815 ( 9.7%) |
| Median Home Value | $87,467 |
| Average Home Value | $148,272 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,734
Multi-Family
116
Businesses
380
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