653 Sumner StAkronOH44311
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
Investment Highlights
Rental property for sale in Akron at 653 Sumner St, Akron, OH, 44311 offers $760/mo rent that, after a $489/mo payment, leaves $103/mo cash flow. Total monthly income is $760/mo, and annual cash flow is $1,232/yr on $33,150 cash. Return on cash invested measures 23.63% in year one, and rental yield stands at 9.12% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 123.34% and total cumulative return in cash reaches $40,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $760/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44311, Akron, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 653 (18.8%) |
| Renter Occupied HU | 2,200 (63.4%) |
| Vacant Housing Units | 615 (17.7%) |
| Median Home Value | $89,342 |
| Average Home Value | $137,550 |
Housing Distribution
Address Breakdown
Residential
2,820
Single Family
2,279
Multi-Family
541
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices