970 Mercer AveAkronOH44320
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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 970 Mercer Ave, Akron, OH, 44320 earns $201/mo cash flow from $1,122/mo rent with a $685/mo payment. Total monthly income totals $1,122/mo, and annual cash flow totals $2,416/yr on $46,410 capital. ROI tracks 25.11% on current figures, and rental yield reads 9.62% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 131.35% and total cumulative return in cash sums $60,958. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,122/mo property income instead of your personal income.
Single Family
Built in 1928
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44320, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,636 (100%) |
| Owner Occupied HU | 4,587 (47.6%) |
| Renter Occupied HU | 4,100 (42.5%) |
| Vacant Housing Units | 949 ( 9.8%) |
| Median Home Value | $131,432 |
| Average Home Value | $168,422 |
Housing Distribution
Address Breakdown
Residential
8,963
Single Family
8,140
Multi-Family
823
Businesses
433
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