37.2% Cash on Cash Return! Akron, OH

[Nicholas Novak]

Completely Rent ready and Turn Key. All that is needed is tenant placement.   Neighborhood Class - C 

House boasts new furnace, panel, water supply lines.  New Kitchen and Bathroom, new carpet in the bedrooms. Recent roof, vinyl windows, exterior doors, driveway, H2O tank only 5 years and plenty of life left. All of the Majors are recent. 

Market Rent $750/month

Taxes $1143/year

Water $25/month

Insurance $30/month

Management $75/month

Debt service (P and I) $215/month  - Assumes 20% Down 

Net Rent - $3717/year

Down Payment $9980

Cash on Cash Return - 37.2%