1007 28th St NE

Canton, OH 44714
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3 bd, 1 ba | 1,192 sqft | Built in 1926

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List Price
$65,000

Initial Investment

$17,429

Purchase Price

$63,500

Down Payment

25%

Rent

$850

Total Return

$36,696

Annualized Return

28.9%

Cap Rate

9.3%

Gross Yield

16.1%

Cash Flow

$1,886

Appreciation

7.4%
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Features

Occupancy

Occupied

Lease Start

08/30/2019

Lease End

08/30/2020

Lot Size

4,950

HOA

None

Flood Risk

Not Required

  • Long term tenant of 3 years is very attentive and maintains the property

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,252

Property Taxes

-$1,100

Loan Payments

-$3,452

Net Cash Flow

$1,886

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