Renovation Highlights

  • Updated kitchen and baths!
  • New high efficiency furnace and AC condenser!
  • New flooring & carpet throughout
$ 66,000
3 bd
1 ba
1,336 sqft
Turnkey Income Property
Monthly Rent: $$850
*3 HARRISON ST, AKRON, OH 44314

Property Overview

  • Fully Renovated

    i Fully renovated is a general marketing term applied for properties which have undergone comprehensive renovation and/or refurbishment improvements. Please review the “Renovation Highlights” and be sure to inquire about specific improvements were completed to properties in which you have interest. Ultimately, you should only depend on your observations and any reports obtained for complete accuracy.
  • 1 Year Warranty

    i This property is offered for sale in a structured format designed for turnkey property buyers. As such, a 1 year home warranty is included in the price and is currently offered through America’s Preferred Home Warranty (APHW). APHW forms must be included in your purchase-paperwork package in order to apply. Please refer to this documentation for program details.
  • Financing Available

    i This property is eligible for financing. You are welcome to use your own lenders (please have a qualified lender pre-approval ready), or ask us for our preferred lenders and we are happy to provide a referral.

Property Features

  • 3 Beds / 1 Baths / 1,336 Sq Ft
  • Excellent tenant
  • Low taxes
  • Fully renovated & refurbished
  • High cap rate investment property!

Property Highlights

  • Buy for 66k financed, or 65k cash!
  • Up to 80% Financing Available
  • Seller includes 1 Year Home Warranty!
  • Currently leased for $850 per month
  • Fully renovated & leased = TRUE TURNKEY

YEAR 1 PROJECTED FINANCIALS: HARRISON

Financing

Cash

Price

$ 66,000

$ 65,000

Mortgage Amount

$ 52,800

Interest Rate

6.50%

Term Months

360

Monthly Payment

$ (334)

Annual Mortgage Payment

$ (4,005)

Monthly Gross Rent

$ 850

$ 850

Annual Gross Rent

$ 10,200

$ 10,200

Property Tax

$ 1,174

$ 1,174

Property Management

$ 1,020

$ 1,020

Insurance

$ 550

$ 400

Annual Fixed Expenses

$ 2,744

$ 2,594

Net Operating Income

$ 7,456

$ 7,606

Net Annual Income

$ 3,451

$ 7,606

Cash Down Payment

$ 13,200

$ 65,000

Cap Rate

26.15%

*Rate is for illustration only. Lender fees may apply.

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. 2020realestate.com is not a lender or property owner. Please be sure to conduct your own due diligence and seek your own professional advice.

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