2237 40th St NW

Canton, OH 44709
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3 bd, 1 ba | 1,228 sqft | Built in 1941

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List Price
$109,780

Initial Investment

$30,307

Purchase Price

$105,000

Down Payment

25%

Rent

$1,175

Total Return

$54,275

Annualized Return

24.9%

Cap Rate

8.1%

Gross Yield

13.4%

Cash Flow

$2,106

Appreciation

7.4%
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Features

Occupancy

Occupied

Lease Start

12/15/2019

Lease End

06/30/2021

Lot Size

6,200

HOA

None

Flood Risk

Not Required

  • Recently renovated including kitchen, bathroom, paint, flooring
  • Solid tenant with longterm lease through June 2021
  • Quiet neighborhood
  • Pet and Sewer fee included in the base rent of $80

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Annual Financial Highlights

Expected Rent

$13,395

Expenses

-$3,781

Property Taxes

-$1,800

Loan Payments

-$5,708

Net Cash Flow

$2,106

See more in Financials

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