985 Bloomfield AveAkronOH44302
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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 985 Bloomfield Ave, Akron, OH, 44302 listed at $150,000 pairs $1,416/mo rent with a $734/mo payment to leave $430/mo cash flow. Total monthly income runs $1,416/mo, and annual cash flow reaches $5,154/yr on $49,725 cash to close. Return on cash invested measures 30.27% in year one, and rental yield registers 11.33% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 159% and total cumulative return in cash totals $79,062. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,416/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1919
2,561 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44302, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 872 (28.3%) |
| Renter Occupied HU | 1,833 (59.6%) |
| Vacant Housing Units | 371 (12.1%) |
| Median Home Value | $115,021 |
| Average Home Value | $171,413 |
Housing Distribution
Address Breakdown
Residential
2,530
Single Family
1,936
Multi-Family
594
Businesses
170
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