583 Sumatra AveAkronOH44305
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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 583 Sumatra Ave, Akron, OH, 44305 with 5% annual appreciation on a $150,000 basis while $1,335/mo rent supports operations. Total monthly income totals $1,335/mo and a $734/mo payment preserves $349/mo for cash returns. Annual cash flow comes to $4,182/yr on $49,725 deployed, and return on cash invested reaches 28.32% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 10.68%. Five-year ROI measures 148.5% and total cumulative return in cash totals $73,842.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,335/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
6,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44305, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,072 (100%) |
| Owner Occupied HU | 5,214 (51.8%) |
| Renter Occupied HU | 3,977 (39.5%) |
| Vacant Housing Units | 881 ( 8.7%) |
| Median Home Value | $114,808 |
| Average Home Value | $180,470 |
Housing Distribution
Address Breakdown
Residential
9,483
Single Family
8,964
Multi-Family
519
Businesses
413
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