373 Sullivan Ave

Akron, OH 44305
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3 bd, 1 ba | 1,075 sqft | Built in 1956

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List Price
$124,900

Initial Investment

$34,035

Purchase Price

$124,900

Down Payment

25%

Rent

$1,150

Total Return

$42,025

Annualized Return

17.7%

Cap Rate

6.1%

Gross Yield

11.0%

Cash Flow

$186

Appreciation

5.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,400

HOA

None

Flood Risk

Not Required

Welcome home to this newly renovated cape cod is located on a quiet Akron side street. The first floor features a large living area and two bedrooms with hardwood throughout, a kitchen, and a full bath. Upstairs you will find a spacious bedroom with brand-new carpet. You'll also love the greenspace, perfect for gatherings and outdoor activities in the spacious backyard. Schedule your private showing today. Close to schools, shopping, public transportation. Great space for a new home buyer or investor looking for a solid rental to add to your portfolio.

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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

$13,110

Expenses

-$2,733

Property Taxes

-$3,400

Loan Payments

-$6,790

Net Cash Flow

$186

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:Jenne Haddox
Agent License 2022005360
Richfield Realty Group LLC
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5096291
Last Updated: 01/24/2025 19:01
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.