81 Kenridge Rd Fairlawn, OH 44333
3bd, 3ba | 1,647sqft | Built in 1955
Expand
Initial Investment
$201,985
List Price: $199,000
Purchase Price
$199,000
Down Payment
100%
Rent
$1,950

Total Return
$74,966
Annualized Return
7.3%
Cap Rate
7.0%
Gross Yield
11.8%
Cash Flow
$13,123
Appreciation
1.5%
Features
Occupancy
Occupied
Lease Start
04/01/2018 
Lease End
03/31/2019 
Lot Size
15,295 
HOA
None

Annual Financial Highlight
Expected Rent
$22,230
Expenses
-$5,307
Property Taxes
-$3,800
Loan Payments
$0

Net Cash Flow
$13,123
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.