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1177 Smithfarm Ave, Akron, OH 44305

2 beds • 1 baths • 992 sqft

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This property might be a fair Airbnb investment with a projected 9.17% first-year return on $36,129 initial cash invested.

9.17%

Cash On Cash

9.68%

Cap Rate

1.61

DSCR

$1,884

Rent

$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,129

Downpayment

20%

$22,980

Closing costs

1%

$1,149

Rehab

0%

$0

Furnishing

10%

$12,000

Cashflow

Total Income

$1,884

Total Expenses

$1,608

Mortgage P&I

31%

$576

Property Taxes

5%

$88

Home Insurance

2%

$40

HOA

0%

$0

Property Management

15%

$283

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$471

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Steps from Summa Hospital

$1,569

$77

2

1

0.9 mi

Comfy 2BR Walk to Summa |Near Akron Hospitals & UA

$1,406

$69

2

1

0.97 mi

Central 2BR Walk to Summa|Near Akron Hospitals/UA

$1,304

$64

2

1

0.99 mi

Charming Akron Abode

$2,181

$107

2

1

1.94 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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