967 Russell 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
Rental property for sale in Akron at 967 Russell Ave, Akron, OH, 44307 generates $1,512/mo in rent and, after a $905/mo payment, leaves $296/mo in cash flow. Total monthly income is $1,512/mo, and annual cash flow is $3,547/yr on $61,328 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.81% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 134.39% and total cumulative return in cash sums $82,419. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,512/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
4,800 sqft 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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