1412 Honodle Ave

Akron, OH 44305
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2 bd, 1 ba | 960 sqft | Built in 1923

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List Price
$45,000

Initial Investment

$46,535

Purchase Price

$45,000

Down Payment

100%

Rent

$725

Total Return

$29,383

Annualized Return

11.6%

Cap Rate

8.7%

Gross Yield

19.3%

Cash Flow

$3,427

Appreciation

5.9%
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Features

Occupancy

Occupied

Lease Start

05/01/2018

Lease End

04/30/2019

Lot Size

46,000

HOA

None

Flood Risk

Not Required

  • Hassle-free operation - recently fully rehabbed
  • Professionally managed by Roofstock Certified Property Manager, Marketplace Homes
  • Price includes 2 year home warranty for further peace of mind
  • Price includes 6 months of free property management
  • Upside potential in rent, providing upside to cash flow and returns

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$3,038

Property Taxes

-$1,800

Loan Payments

$0

Net Cash Flow

$3,427

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