1877 17th St SW

Akron, OH 44314
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3 bd, 1 ba | 1,120 sqft | Built in 1928

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List Price
$59,000

Initial Investment

$20,336

Purchase Price

$59,000

Down Payment

25%

Rent

$875

Total Return

$30,182

Annualized Return

21.4%

Cap Rate

8.2%

Gross Yield

17.8%

Cash Flow

$1,058

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

11/08/2019

Lease End

05/31/2021

Lot Size

4,400

HOA

None

Flood Risk

Not Required

  • Attractive cap rate at 7%+
  • Month to month fee included in monthly rent of $75
  • Seller willing to provide credit for repairs
  • No HOA

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Annual Financial Highlights

Expected Rent

$9,975

Expenses

-$3,509

Property Taxes

-$2,200

Loan Payments

-$3,208

Net Cash Flow

$1,058

See more in Financials

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