396-400 Sumner StAkronOH44304
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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 396-400 Sumner St, Akron, OH, 44304 earns from $1,578/mo rent with a $2,472/mo payment. Total monthly income totals $1,578/mo. ROI tracks 7.46% on current figures, and rental yield reads 3.75% at a $505,000 purchase. Equity gained on principal adds $3,259/yr, and 5% annual appreciation supports $139,522 over five years. Five-year ROI reaches 36.58% and total cumulative return in cash sums $60,774. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,578/mo property income instead of your personal income.
Multi Family
Built in 1909
2,665 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44304, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 210 (11.0%) |
| Renter Occupied HU | 1,297 (67.8%) |
| Vacant Housing Units | 407 (21.3%) |
| Median Home Value | $115,625 |
| Average Home Value | $167,022 |
Housing Distribution
Address Breakdown
Residential
1,678
Single Family
1,012
Multi-Family
666
Businesses
214
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Listed by: Scott Lang • RE/MAX Edge Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5141998
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