Browse Properties
Opportunity in Suburban Akron (OH)
Mogadore, OH 44260
Opportunity in Suburban Akron (OH)
Mogadore, OH 44260
7.2%
Year 1 Cap Rate$250,358
10 yr cash flow10.51%
10 yr IRRDetails
- Lot size17,594
- Rentable Sq.Ft1,908
- $/Rentable Sq.Ft$89
- Monthly rent$1,900
- Safety deposit$1,900
- Estimated reserve$3,500
- Lease start2024-11-01
- Lease end2025-10-31
- HOANo
- Flood zoneNo
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Mogadore, 44260
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $22,800 | $23,324 | $23,861 | $24,971 | $27,978 |
| Vacancy & Collection Loss | ($1,596) | ($1,633) | ($1,670) | ($1,748) | ($1,958) |
| Operating revenues | $21,204 | $21,691 | $22,191 | $23,223 | $26,020 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,529) | ($1,574) | ($1,622) | ($1,720) | ($1,995) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($380) | ($389) | ($398) | ($416) | ($466) |
| Property management | ($1,060) | ($1,085) | ($1,110) | ($1,161) | ($1,301) |
| Real estate taxes | ($4,838) | ($4,496) | ($4,630) | ($4,912) | ($5,695) |
| Repairs and maintenance | ($1,140) | ($1,166) | ($1,193) | ($1,249) | ($1,399) |
| Operating expenses | ($8,947) | ($8,710) | ($8,953) | ($9,458) | ($10,856) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $21,204 | $21,691 | $22,191 | $23,223 | $26,020 |
| Operating expenses | ($8,947) | ($8,710) | ($8,953) | ($9,458) | ($10,856) |
| Net Operating Income | $12,257 | $12,981 | $13,238 | $13,765 | $15,164 |
| Cap Rate | 7.2% | 7.6% | 7.8% | 8.1% | 8.9% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,288) | ($1,326) | ($1,366) | ($1,449) | ($1,680) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,288) | ($1,326) | ($1,366) | ($1,449) | ($1,680) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $10,969 | $11,655 | $11,872 | $12,316 | $13,484 |
| Cash yield | 5.8% | 6.1% | 6.3% | 6.5% | 7.1% |
Acquisition Equity
| Down payment | ($170,000) | |||
|---|---|---|---|---|
| Title insurance | ($2,550) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($2,850) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($2,153) | |||
| Total | ($189,553) | |||
Disposition Proceeds
| Estimated sale price | $325,734 | |||
|---|---|---|---|---|
| Disposition fee | ($3,257) | |||
| Other disposition costs | ($6,515) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $315,962 | |||
