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$1,786 (target)

920 Mercer Ave, Akron, OH 44320

3 beds • 2 baths • 1338 sqft

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This property could be a profitable Mid-Term investment with a projected 26.09% first-year return on $29,340 initial cash invested.

26.09%

Cash On Cash

21.84%

Cap Rate

3.59

DSCR

$1,786

Rent

$638

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,786 income − $1,148 expenses = $638 cash flow

Income$1,786Mortgage P&I$27415%Property Taxes$24914%Insurance$191%Management$21412%CapEx$714%Vacancy$543%Maintenance$714%Other$19611%Cash Flow$638

Investment Breakdown

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Purchase Price

$54,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,340

Downpayment

20%

$10,800

Closing costs

1%

$540

Rehab

0%

$0

Furnishing

33%

$18,000

Cashflow

Total Income

$1,786

Total Expenses

$1,148

Mortgage P&I

15%

$274

Property Taxes

14%

$249

Home Insurance

1%

$19

HOA

0%

$0

Property Management

12%

$214

CapEx

4%

$71

Vacancy

3%

$54

Maintenance

4%

$71

Other

11%

$196

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