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Long-Term Rental Analysis
874 Fess Ave, Akron, OH 44307
$70,000 • 2 beds • 1 baths • 0 sqft
This property might be a fair Long-Term investment with a projected 9.96% first-year return on $14,700 initial cash invested.
Cash On Cash
9.96%
Cap Rate
9.17%
Rent
$800
Signal: Med.
Cashflow
$122
Financing
Purchase Price $70,000
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $14,700
Downpayment $14,000
Closing costs $700
Rehab $0
Furnishing $0
Cashflow
Total Income $800
Total Expenses $678
Mortgage P&I $373
Property Taxes $73
Home Insurance $24
PManagement $80
CapEx $40
Vacancy $48
Maintenance $40
Other $0
Google Maps with the subject property comparables is loading...
# | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
---|---|---|---|---|---|---|
1 | 817 Biruta St, # Down | $600 | 2 | 1 | 720 | 0.3 mi |
2 | 817 Biruta St, Unit Down | $600 | 2 | 1 | 720 | 0.3 mi |
3 | 1566 Rudd St | $750 | 2 | 1 | 0.4 mi | |
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6 | 1105 Fess Ave | $795 | 2 | 1 | 0.7 mi | |
7 | 1109 Fess Ave | $795 | 2 | 1 | 0.7 mi | |
8 | 1167 Peerless Ave | $895 | 2 | 1 | 0.8 mi | |
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25 | 1270-1294 Nome Ave | $545 | 2 | 1 | 1.5 mi |