963 Penn AveAkronOH44311
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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 963 Penn Ave, Akron, OH, 44311 uses $33,150 cash to close to unlock $1,388/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $773/mo, and a $489/mo payment keeps the spread at $116/mo. Purchase price stands at $100,000, and rental yield measures 9.28% with $773/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 125.84% and total cumulative return in cash records $41,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $773/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,898 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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