1040 Thorndale DrAkronOH44320
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1040 Thorndale Dr, Akron, OH, 44320 in Akron speaks for itself: 11.09% gross on a $374,900 price, generating $1,747/mo in rent and $504/mo in net income after the $1,686/mo debt service. DSCR 1.04, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,045 stacks alongside $103,578 in projected five-year appreciation and $3,453/yr in principal reduction. Projected total cumulative return: $96,503.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.8% |
| Monthly Cash Flow | $504 | $450 |
City averages based on Akron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,747 |
| Total Monthly Debt Service | $2,317 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
9,099 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
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
Single Family
Built in 1940
9,099 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices