848 Caddo Ave

Akron, OH 44305
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3 bd, 1 ba | 1,096 sqft | Built in 1929

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List Price
$69,000

Initial Investment

$22,936

Purchase Price

$60,000

Down Payment

25%

Rent

$840

Total Return

$18,773

Annualized Return

13.7%

Cap Rate

8.2%

Gross Yield

16.8%

Cash Flow

$1,064

Appreciation

5.9%
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Features

Occupancy

Occupied

Lease Start

05/26/2019

Lease End

05/31/2021

Lot Size

5,600

HOA

None

Flood Risk

Not Required

  • Attractive cap rate, meets 1% rule
  • New 24-month lease started 5/26/2019
  • 3 bed/ 1 bath with enclosed front porch

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,576

Expenses

-$3,251

Property Taxes

-$2,000

Loan Payments

-$3,262

Net Cash Flow

$1,064

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