678 Hazel St

Akron, OH 44305
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5 bd, 2 ba | 2,039 sqft | Built in 1914

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List Price
$87,900

Initial Investment

$23,953

Purchase Price

$87,900

Down Payment

25%

Rent

$1,350

Total Return

$47,794

Annualized Return

29.3%

Cap Rate

10.5%

Gross Yield

18.4%

Cash Flow

$3,563

Appreciation

5.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,700

HOA

None

Flood Risk

Not Required

Turnkey Akron investment with a great return at a bargain price! This 5BR 2BA home just minutes from Akron University currently offers five individually rented rooms at $300 each with four currently occupied. Spacious rooms and a great layout for the common areas and bathrooms ensure that this home offers easy access on every level with over 2,000 square foot thanks to the finished third floor. A basement laundry and storage area help with the needs of tenants and owners alike. The home also benefits from newer mechanicals including windows, furnace, hot water tank, and electrical upgrades over the years. Recent paint and flooring make this property just that much more ready for it's next owner. Call today to schedule your private tour or ask for a virtual walkthrough with the full 3D Matterport tour​​‌​​​​‌​‌​​​‌‌​​​‌‌‌​​‌​​‌‌​​​​ available.

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$4,499

Property Taxes

-$2,550

Loan Payments

-$4,779

Net Cash Flow

$3,563

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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

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Listing Courtesy of:Nicholas Rock
Agent License 2013001508
Keller Williams Legacy Group Realty
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5115069
Last Updated: 04/19/2025 15:04
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