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542 Sumner St
542 Sumner St
Akron, OH 44304
About
Single-family home located in Akron, Ohio, a few blocks from the University of Akron. The property includes off-street parking and comes with a range, refrigerator, washer, and dryer, with a furnace and A/C that are 6 years old and a new electric panel and service. The property is currently occupied on a 1-year lease renewal from 07/01/2025 to 06/30/2026 at $927 per month with a $900 security deposit. The tenant was previously on a 1-year lease from 07/01/2024 to 06/30/2025 at $927 per month and from 07/01/2023 to 06/30/2024 at $900 per month.
Property Management
Legacy Residential Management
In addition to sales and service leadership roles in my professional career, I’ve been involved in real estate and small-business investing for 25+ years. That experience has given me a practical, well-rounded understanding of what it takes to maintain relationships and assets alike. My approach is hands-on, thoughtful, and methodical, continuously looking for ways to control costs and optimize performance without losing sight of the tenant experience. I believe a property manager needs to be accountable to the tenant, the owners, the platform, the asset, and the token price—giving each the attention and care it deserves. My goal is to preserve the asset value and encourage quality tenant lease renewals, maximizing investor returns.
Due Diligence Documents
About this offering
The Market
Akron, Ohio
Akron offers some of the most affordable homeownership in Northeast Ohio without giving up big-city amenities. Major employers like Goodyear, Summa Health, Cleveland Clinic Akron General, and the University of Akron anchor the local job base, and I-76 and I-77 put Cleveland and Canton within an easy drive. Cuyahoga Valley National Park and the Towpath Trail sit just north of the city, giving residents miles of trails and green space close to home.
Property Updates
Governance Results for 542 Sumner St:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
FOR the Sale (YES)
This voting option received 562 / 856 votes, which is equal to 65.65% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3604096648
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
542 Sumner St
Akron, OH 44304
About
Single-family home located in Akron, Ohio, a few blocks from the University of Akron. The property includes off-street parking and comes with a range, refrigerator, washer, and dryer, with a furnace and A/C that are 6 years old and a new electric panel and service. The property is currently occupied on a 1-year lease renewal from 07/01/2025 to 06/30/2026 at $927 per month with a $900 security deposit. The tenant was previously on a 1-year lease from 07/01/2024 to 06/30/2025 at $927 per month and from 07/01/2023 to 06/30/2024 at $900 per month.
Property Management
Legacy Residential Management
In addition to sales and service leadership roles in my professional career, I’ve been involved in real estate and small-business investing for 25+ years. That experience has given me a practical, well-rounded understanding of what it takes to maintain relationships and assets alike. My approach is hands-on, thoughtful, and methodical, continuously looking for ways to control costs and optimize performance without losing sight of the tenant experience. I believe a property manager needs to be accountable to the tenant, the owners, the platform, the asset, and the token price—giving each the attention and care it deserves. My goal is to preserve the asset value and encourage quality tenant lease renewals, maximizing investor returns.
Due Diligence Documents
Offering Details
The Market
Akron, Ohio
Akron offers some of the most affordable homeownership in Northeast Ohio without giving up big-city amenities. Major employers like Goodyear, Summa Health, Cleveland Clinic Akron General, and the University of Akron anchor the local job base, and I-76 and I-77 put Cleveland and Canton within an easy drive. Cuyahoga Valley National Park and the Towpath Trail sit just north of the city, giving residents miles of trails and green space close to home.
Property Updates
Governance Results for 542 Sumner St:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
FOR the Sale (YES)
This voting option received 562 / 856 votes, which is equal to 65.65% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3604096648
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$927
Monthly Rent
$920
Monthly Expenses
$7
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.