396-400 Sumner StAkronOH44304
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 396-400 Sumner St, Akron, OH, 44304 in Akron fits: $505,000, 3.75% gross yield, and a projected 5% annual appreciation rate adding $139,522 in value within five years. Rental yield 3.75%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.69) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,651/yr in principal paydown and $139,522 in appreciation project a total return of $80,113.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 6.8% |
| Monthly Cash Flow | $(1,744) | $450 |
City averages based on Akron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,578 |
| Total Monthly Debt Service | $3,121 |
| DSCR Ratio | 0.51x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Lang • RE/MAX Edge Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5141998
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