880 Chalker St Akron, OH 44310
3bd, 1ba | 1,216sqft | Built in 1911
investment property - 880 Chalker St, Akron, OH 44310, Summit - image 0
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investment property - 880 Chalker St, Akron, OH 44310, Summit - image 0
investment property - 880 Chalker St, Akron, OH 44310, Summit - image 1
investment property - 880 Chalker St, Akron, OH 44310, Summit - image 2
List Price
$72,000
Initial Investment : $74,580
Purchase Price
$72,000
Down Payment
100%
Rent
$885

Total Return
$27,349
Annualized Return
7.3%
Cap Rate
7.9%
Gross Yield
14.7%
Cash Flow
$5,048
Appreciation
1.5%
Features
Occupancy
Occupied
Lease Start
02/22/2019 
Lease End
02/29/2020 
Lot Size
5,000 
HOA
None
Flood Risk
Not Required
  • Meets 1% rule with attractive cap rate
  • Leased through 3/31/21 with long term, solid tenant
  • Close to library, shopping, dining, and schools
  • Tenant liability insurance fee included in monthly rent of $9.50
  • Professionally Managed by DAL Capital Property Management (no re-leasing fee if tenant leaves within first 12 months)

Annual Financial Highlight
Expected Rent
$10,083
Expenses
-$3,235
Property Taxes
-$1,800
Loan Payments
$0

Net Cash Flow
$5,048
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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