1562 Huguelet St

Akron, OH 44305
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3 bd, 1 ba | 1,460 sqft | Built in 1919

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List Price
$63,000

Initial Investment

$17,255

Purchase Price

$62,000

Down Payment

25%

Rent

$825

Total Return

$24,546

Annualized Return

20.7%

Cap Rate

7.7%

Gross Yield

16.0%

Cash Flow

$854

Appreciation

5.9%
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Features

Occupancy

Month To Month

Lease Start

08/01/2017

Lease End

M/M

Lot Size

7,500

HOA

None

Flood Risk

Not Required

  • <$500 in immediate repairs needed
  • Tenant get $50 concession monthly for on time payments
  • Close to highly rated Akron Early College High School
  • Borders 4-star neighborhoods of Mogadore

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Annual Financial Highlights

Expected Rent

$9,405

Expenses

-$3,280

Property Taxes

-$1,900

Loan Payments

-$3,371

Net Cash Flow

$854

See more in Financials

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