2470 EAST AVE

AKRON, OH 44314
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4 bd, 3 ba | 1,376 sqft | Built in 1909

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List Price
$89,900

Initial Investment

$24,498

Purchase Price

$89,900

Down Payment

25%

Rent

$1,200

Total Return

$58,112

Annualized Return

31.1%

Cap Rate

9.3%

Gross Yield

16.0%

Cash Flow

$2,674

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,625

HOA

None

Flood Risk

Not Required

Amazing potential in this Akron Colonial!! This home has a great floorplan and many attractive features. The kitchen is huge and has seen some updates..plenty of countertop and cabinet space for storage. You will love the convenience of the first floor laundry off the kitchen. Main level also features a bedroom with its own full bathroom. A good sized Dining Room and expansive Living room finish off the first floor. Second level adds three bedrooms and two full bathrooms that have seen some updates! Master bedroom has its own full bath. The covered front porch is perfect for enjoying the Spring weather on the way. Property is in need of some cosmetic repairs and was formerly used as a rental..but offers great potential as either an investment property or a fixer upper. Convenient highway access and close to all area restaurants and shopping. Make your appointment today to see for yourself all this home has to offer.

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,669

Property Taxes

-$2,450

Loan Payments

-$4,887

Net Cash Flow

$2,674

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:David Callander
Agent License 2014001201
Century 21 Carolyn Riley RL Est. Srvcs.
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5110722
Last Updated: 04/05/2025 07:04
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