673 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
Investment property for sale in Akron at 673 Sumner St, Akron, OH, 44311 with 5% annual appreciation on a $125,900 basis while $1,286/mo rent supports operations. Total monthly income totals $1,286/mo and a $616/mo payment preserves $458/mo for cash returns. Annual cash flow comes to $5,497/yr on $41,736 deployed, and return on cash invested reaches 33.08% in year one. Equity gained on principal adds $812/yr, and five-year appreciation sums $34,784 alongside rental yield of 12.26%. Five-year ROI measures 174.12% and total cumulative return in cash totals $72,672.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,286/mo property income versus a $616/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1914
8,049 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