21 Furnace St UNIT 607AkronOH44308
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 21 Furnace St UNIT 607, Akron, OH, 44308 in Akron earns a 8.67% gross yield at $465,000. Rent of $3,360/mo nets $301/mo after the $2,091/mo mortgage. The 1.61 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $128,471 and $4,283/yr in equity accumulation project a total cumulative return of $196,530.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.8% |
| Monthly Cash Flow | $301 | $450 |
City averages based on Akron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,360 |
| Total Monthly Debt Service | $2,874 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 2006
1,311 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44308, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 8 ( 1.3%) |
| Renter Occupied HU | 520 (83.9%) |
| Vacant Housing Units | 92 (14.8%) |
| Median Home Value | $56,667 |
| Average Home Value | $110,313 |
Housing Distribution
Address Breakdown
Residential
538
Single Family
81
Multi-Family
457
Businesses
579
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
Condo
Built in 2006
1,311 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44308, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 8 ( 1.3%) |
| Renter Occupied HU | 520 (83.9%) |
| Vacant Housing Units | 92 (14.8%) |
| Median Home Value | $56,667 |
| Average Home Value | $110,313 |
Housing Distribution
Address Breakdown
Residential
538
Single Family
81
Multi-Family
457
Businesses
579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices