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Akron, OH DSCR LoansHybrid Market

DSCR Loans in Akron, OH

Finance investment properties in Akron with a DSCR loan. Qualify based on rental income, not tax returns. Median rent at $1,000/mo with +4.5% annual growth.

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$1,000/mo
Median Rent
$140K
Median Home Price
+4.5%
Rent Growth (YoY)
700K
Metro Population

Market data updated 2026-01-30

Akron Market Snapshot

Why Invest in Akron?

  • University of Akron and polymer/rubber industry anchor employment
  • Very affordable market with strong rent-to-price ratios
  • Akron Children's Hospital and healthcare sector provide stable demand

Key Economic Drivers

Polymer & Rubber IndustryHealthcareHigher EducationManufacturing
Median Rent
$1,000/mo
Rent Growth
+4.5%

Property Types We Finance

Single Family2-4 UnitsMulti-Family

Popular Investment Areas

Highland SquareMerriman ValleyFirestone ParkGreen

Metro Population

700K

Akron metro area — a strong tenant pool for rental property investors.

DSCR Analysis

Example DSCR Calculation for Akron, OH

Here's how a typical DSCR loan works using Akron's actual market data.

Loan Structure

Purchase Price$140,000
Down Payment (20%)$28,000
Loan Amount$112,000
Interest Rate7.5%

Monthly Costs (PITIA)

Principal & Interest$783
Property Tax (1.59% rate)$186
Insurance$150
Total PITIA$1,119

DSCR Result

Monthly Rent
$1,000
÷
Monthly PITIA
$1,119
=
DSCR Ratio
0.89

Based on Akron's median home price of $140,000 and median rent of $1,000/month, a typical DSCR investment produces a DSCR ratio below 1.0, meaning monthly rent doesn't fully cover expenses. Lenders allow ratios as low as 0.75 but may require a larger down payment or higher reserves. With a 20% down payment of $28,000, the monthly PITIA (principal, interest, taxes, insurance) comes to $1,119. The local property tax rate of 1.59% and annual insurance cost of $1,800 are factored into this calculation.

Estimated Cap Rate
5.0%
Akron's estimated cap rate is 5.04%, indicating a balanced market with both cash flow and appreciation potential.
Cash Flow Analysis

Akron Cash Flow Projection

Year 1 and Year 5 projections based on Akron's +4.5% annual rent growth and 6.2% vacancy rate.

Year 1 Projection

Gross Annual Rent$12,000
Vacancy Loss (6.2%)-$744
Effective Gross Income$11,256
Annual PITIA-$13,423
Net Cash Flow-$2,167
Cash-on-Cash Return-7.7%

Year 5 Projection

Projected Monthly Rent$1,193/mo
Gross Annual Rent$14,316
Vacancy Loss (6.2%)-$888
Annual PITIA-$13,423
Net Cash Flow$5
Cash-on-Cash Return0.0%

A Akron investment property at the median price generates a negative cash flow of $2,167 annually in Year 1, which is typical for appreciation-focused markets. This accounts for the local 6.20% vacancy rate. By Year 5, assuming 4.50% annual rent growth, projected cash flow improves to $5 annually (0.02% cash-on-cash return).

Market Comparison

Akron vs. Ohio Average

How Akron's rental market compares to the Ohio statewide average.

Median Rent
$1,000/mo
↓ 23.1% below state avg
Median Home Price
$140K
↓ 33.3% below state avg

Akron's median rent of $1,000/month is 23.1% below the Ohio state average of $1,300/month. Home prices at $140,000 are 33.3% below the state average of $210,000.

Investment Strategy

Akron Investment Strategy: Hybrid

Akron excels as a balanced market where $1,000/mo rents and $140K entry points create genuine cash-flow potential with appreciation upside. The polymer & rubber industry economy provides tenant stability. With a 8.57% rent-to-price ratio and 4.5% rent growth, DSCR loans here underwrite well. Consider Highland Square for established returns or Merriman Valley for value-add plays.

DSCR Ratio
0.89
Cap Rate
5.0%
Vacancy Rate
6.2%
Tax Rate
1.59%
FAQ

DSCR Loan Questions for Akron

Can I get a DSCR loan in Akron with a ratio below 1.0?
For Akron properties, lenders typically want to see a DSCR of at least 1.0, meaning the rental income covers the mortgage payment. Given Akron's median rent of $1,000/mo and +4.5% annual growth, qualifying properties are available across multiple price points. Some lenders offer programs down to 0.75 DSCR with compensating factors.
What are the down payment options for Akron investment properties?
While some DSCR programs advertise 15% down, most Akron investors find 20-25% down offers the best combination of rate and terms. At $140K median price, budget $35,000 down plus 2-4% closing costs. Akron's rental yields makes the investment worthwhile.
What are the top rental markets within Akron?
For DSCR investors, Akron neighborhoods with stable employment nearby perform best. Highland Square and Merriman Valley benefit from Polymer & Rubber Industry and Healthcare job centers. Vacancy rates in these areas trend below the 6.2% metro average, supporting reliable DSCR performance.
Can I use a DSCR loan for a short-term rental in Akron?
Akron's STR regulations are classified as "permissive." Most areas allow short-term rentals with standard licensing. DSCR lenders may decline properties in heavily restricted zones.
How do Akron property taxes affect my DSCR ratio?
Akron applies a 1.59% property tax rate, typical for Ohio. Investment property taxes are calculated on assessed value, which may differ from purchase price. New investors should request tax estimates from the county assessor and factor these significant costs into DSCR projections.
What investment strategy works best in Akron?
Akron rental yields are below the Ohio average. With median rent at $1,000/mo and +4.5% annual growth, yields are sustainable for DSCR investors. The Polymer & Rubber Industry employment base provides tenant stability.
What's driving rental demand in Akron?
Akron's vacancy rate of 6.2% is in line with national averages. This balanced market allows for steady tenant turnover without extended vacancies.
How does Akron's growth affect DSCR underwriting?
DSCR lenders typically use current rents rather than projected growth for Akron underwriting. However, +4.5% growth means properties that barely qualify today will have stronger ratios by Year 2-3. This growth trajectory makes Akron attractive for DSCR investors seeking improving cash flow and refinance potential.

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