Renovation Highlights

  • Fresh Paint Throughout
  • Completely Refinished Bathroom
  • Brand New Carpet in Living Room
  • Updated Counter Tops
  • Main Floor Woodwork Freshly Varnished
$ 69,000
3 bd
1 ba
988 sqft
Turnkey Income Property
Monthly Rent: $850
*98 Manitou Ave, Akron, OH 44305

Sale Pending

Property Overview

Amazing turnkey opportunity in the fantastic city of Akron! Located just minutes away from the University of Akron, this property will attract plenty of tenants. As always, full management is in place and available for the convenience of any new distant owners. Don't waste anymore time, reserve now!
  • 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

  • Full 2 Car Garage
  • Nice Spacious Bathroom
  • Open Floor Plan
  • Basement Open for Extra Storage
  • Big Living Room Window for Extra Lighting

Property Highlights

  • Low Property Taxes
  • 1 Year Home Warranty w/ APHW
  • Located near the University of Akron
  • Full Management in Place
  • % Cap Rate

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $850

Gross Annual Income: $10,200

Property Tax: $1,690

Property Mgmt: $1,020

Insurance: $450

Projected NOI: $7,040

 

Cap Rate: 10.20%

Cash on Cash: %

 

Direct Price: $69,000

Price w/ Agent: $N/A - Direct Only

20% Down: $13,800

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; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.

Direct Offer

Price w/ Agent

20% Down Payment

Preferred Lenders LINK

Annual Gross Income

Est. Annual Property Taxes

Annual Property Management

*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.

Resources

Preferred Insurance Provider

NREIG.com

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