686 Sumner St #1-2AkronOH44311
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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 686 Sumner St #1-2, Akron, OH, 44311 listed at $120,000 pairs $1,207/mo rent with a $587/mo payment to leave $418/mo cash flow. Total monthly income runs $1,207/mo, and annual cash flow reaches $5,016/yr on $39,780 cash to close. Return on cash invested measures 32.52% in year one, and rental yield registers 12.07% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 170.94% and total cumulative return in cash totals $67,999. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,207/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
0.25 Acres 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
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Listed by: Lesa Lillibridge • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5114911
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