1195 Wyley Ave

Akron, OH 44306
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2 bd, 1 ba | 1,026 sqft | Built in 1924

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List Price
$39,900

Initial Investment

$41,284

Purchase Price

$39,900

Down Payment

100%

Rent

$700

Total Return

$27,685

Annualized Return

12.3%

Cap Rate

9.6%

Gross Yield

21.1%

Cash Flow

$3,367

Appreciation

5.8%
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Features

Occupancy

Occupied

Lease Start

05/01/2018

Lease End

04/30/2019

Lot Size

5,250

HOA

None

Flood Risk

Not Required

  • Seller to offer one year home warranty with qualified offer
  • Comprehensive recent remodel
  • Great rental neighborhood near key amenities and above average schools
  • 9.7% cap rate with $3,700 in year one cash flow

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Annual Financial Highlights

Expected Rent

$7,980

Expenses

-$3,113

Property Taxes

-$1,500

Loan Payments

$0

Net Cash Flow

$3,367

See more in Financials

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