Portage Lakes DrAkronOH44319
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Portage Lakes Dr, Akron, OH, 44319 priced at $167,200 pairs $1,526/mo rent with $167/mo cash flow after a $818/mo payment. Total monthly income equals $1,526/mo, and annual cash flow comes to $1,998/yr on $55,427 invested. Return on cash invested is 23.51% in year one, and rental yield stands at 10.95% on a $167,200 basis. Equity gained on principal adds $1,079/yr, and 5% annual appreciation accumulates to $46,194 by year five. Five-year ROI measures 124.76% and total cumulative return in cash reaches $69,150. For financing, Ziffy Mortgage’s DSCR program evaluates $1,526/mo property income against a $818/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
243 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44319, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,424 (100%) |
| Owner Occupied HU | 7,356 (70.6%) |
| Renter Occupied HU | 2,136 (20.5%) |
| Vacant Housing Units | 932 ( 8.9%) |
| Median Home Value | $244,770 |
| Average Home Value | $303,264 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,536
Multi-Family
437
Businesses
782
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