1195 Wyley Ave

Akron, OH 44306
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2 bd, 2 ba | 1,026 sqft | Built in 1924

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List Price
$65,000

$4.9K

Initial Investment

$20,713

Purchase Price

$65,000

Down Payment

25%

Rent

$900

Total Return

$32,207

Annualized Return

24.4%

Cap Rate

10.4%

Gross Yield

16.6%

Cash Flow

$2,636

Appreciation

5.8%
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Features

Occupancy

Vacant

Lease Up Guarantee

Yes

Lot Size

5,250

HOA

None

Flood Risk

Not Required

Welcome to 1195 Wyley Ave! This Ranch style home features 2 spacious bedrooms, 2 bathrooms, and a large kitchen and living area. This property would make a great starter home or even a fantastic rental, with the potential to cash flow funds north of $800, your promised a healthy cap rate of 9% (with a gross yield of nearly 14%). The home is conveniently located near parks, highways, and Akron Fulton airport. Come see all this home has to offer call to schedule your showing today before its gone!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$3,378

Property Taxes

-$712

Loan Payments

-$3,534

Net Cash Flow

$2,636

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Joe Lieber
Joe Lieber- Self Manage
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4416111
Last Updated: 11/01/2022 15:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.