2950 Colon DrAkronOH44321
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2950 Colon Dr, Akron, OH, 44321 in Akron speaks for itself: 10.18% gross on a $304,000 price, generating $2,580/mo in rent and $580/mo in net income after the $1,367/mo debt service. DSCR 1.89, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,964 stacks alongside $83,990 in projected five-year appreciation and $2,800/yr in principal reduction. Projected total cumulative return: $153,166.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.8% |
| Monthly Cash Flow | $580 | $450 |
City averages based on Akron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,580 |
| Total Monthly Debt Service | $1,879 |
| DSCR Ratio | 1.37x |
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.
Single Family
Built in 1941
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44321, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 5,003 (70.3%) |
| Renter Occupied HU | 1,790 (25.2%) |
| Vacant Housing Units | 322 ( 4.5%) |
| Median Home Value | $354,394 |
| Average Home Value | $372,498 |
Housing Distribution
Address Breakdown
Residential
6,953
Single Family
6,209
Multi-Family
744
Businesses
372
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 1941
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44321, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 5,003 (70.3%) |
| Renter Occupied HU | 1,790 (25.2%) |
| Vacant Housing Units | 322 ( 4.5%) |
| Median Home Value | $354,394 |
| Average Home Value | $372,498 |
Housing Distribution
Address Breakdown
Residential
6,953
Single Family
6,209
Multi-Family
744
Businesses
372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices