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$1,904 (target)

1512 Parkgate Ave, Akron, OH 44313

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -3.42% first-year return on $65,229 initial cash invested.

-3.42%

Cash On Cash

5.87%

Cap Rate

0.91

DSCR

$1,904

Rent

-$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,904 income − $2,090 expenses = $186 out of pocket

Income$1,904Out of Pocket$186Mortgage P&I$1,21064%Property Taxes$1558%Insurance$794%Management$22812%CapEx$764%Vacancy$573%Maintenance$764%Other$20911%

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,904

Total Expenses

$2,090

Mortgage P&I

64%

$1,210

Property Taxes

8%

$155

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$228

CapEx

4%

$76

Vacancy

3%

$57

Maintenance

4%

$76

Other

11%

$209

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