912 Middlebury Rd

Kent, OH 44240
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4 bd, 2 ba | 1,326 sqft | Built in 1960

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List Price
$219,900

Initial Investment

$59,923

Purchase Price

$219,900

Down Payment

25%

Rent

$1,650

Total Return

$54,683

Annualized Return

13.2%

Cap Rate

4.7%

Gross Yield

9.0%

Cash Flow

-$2,444

Appreciation

5.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,600

HOA

None

Flood Risk

Not Required

Well cared for 4 bedroom, 2 full bath Cape Cod close to the heart of Kent. Close to Fred Fuller Park and the Hike and Bike Trails.
This vinyl-clad, hardwood floors, boasts a deep lot, beautiful front porch with swing and headed oversized 2+ car heated an cooled garage with extra storage area.
Home Improvements include: Tilt In double hung windows, updated bathrooms, basement glass block windows and 3 updated entry doors land large composite Deck.
Eat-in Kitchen features granite countertops, full appliances, ceiling fan, Pergo floor, door which leads to the deck which overlooks the large backyard. First floor bath has granite countertop, tile shower and linen closet. Master bath has an updated vanity, separate shower and tile floor.
Central AC added in 2011. Basement is plumbed for a third full bath (already has a shower installed). The Living Room and all bedrooms have original hardwood floors that are exposed. Home warranty is provide by the sellers.
The home is located 3-4 minutes from Kent State. Easy access to all downtown restaurants and shopping in the downtown or Stow-Kent shopping area.

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$18,810

Expenses

-$3,349

Property Taxes

-$5,950

Loan Payments

-$11,955

Net Cash Flow

-$2,444

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.

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Listing Courtesy of:Donna Montgomery
Agent License 449805
Keller Williams Chervenic Rlty
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5114957
Last Updated: 04/20/2025 01:04
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