759 Georgia Ave Akron, OH 44306
2bd, 1ba | 748sqft | Built in 1922
investment property - 759 Georgia Ave, Akron, OH 44306, Summit - image 0
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investment property - 759 Georgia Ave, Akron, OH 44306, Summit - image 0
investment property - 759 Georgia Ave, Akron, OH 44306, Summit - image 1
investment property - 759 Georgia Ave, Akron, OH 44306, Summit - image 2
List Price
$63,000
Initial Investment : $69,870
Purchase Price
$63,000
Down Payment
100%
Rent
$695

Total Return
$14,803
Annualized Return
4.3%
Cap Rate
6.4%
Gross Yield
13.2%
Cash Flow
$3,558
Appreciation
1.5%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
07/01/2019 
Lease End
06/30/2020 
Lot Size
5,240 
HOA
None
Flood Risk
Not Required
  • Seller willing to offer a repair credit or address CapEx items prior to COE (with a qualified offer)
  • Property includes a neighboring vacant lot
  • Liability insurance fee included in monthly rent of $9.50
  • Pet fee included in monthly rent of $25.00

Annual Financial Highlight
Expected Rent
$7,917
Expenses
-$2,360
Property Taxes
-$2,000
Loan Payments
$0

Net Cash Flow
$3,558
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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