879 Hammel St

Akron, OH 44306
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3 bd, 1 ba | 1,499 sqft | Built in 1924

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List Price
$61,500

Initial Investment

$16,900

Purchase Price

$60,000

Down Payment

25%

Rent

$799

Total Return

$23,434

Annualized Return

20.4%

Cap Rate

7.7%

Gross Yield

16.0%

Cash Flow

$829

Appreciation

5.8%
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Features

Occupancy

Occupied

Lease Start

04/27/2018

Lease End

04/30/2019

Lot Size

4,070

HOA

None

Flood Risk

Not Required

  • Property Valuation Range $60,000-$68,000
  • Purchase includes 2 Year Home Warranty paid for by seller
  • Currently leased through 4/30/2019
  • 2.5 miles to Downtown Akron
  • 1 Year Appreciation of 4.6%

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Annual Financial Highlights

Expected Rent

$9,109

Expenses

-$3,217

Property Taxes

-$1,800

Loan Payments

-$3,262

Net Cash Flow

$829

See more in Financials

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