Off-market Akron deal with 35% cash on cash return

[Jesus Morales]

Hello Akron investors!

I have an off-market deal available in in Akron, OH. The home is in decent condition and we're estimating about $15,000 in rehab. After running our numbers we are expecting a profit of $67,000 with a 35% cash on cash return for cash or a return of $41,000 for hard money at a 15% profit minimum.

More details on the home below. As always, we highly recommend investors to do their own due diligence! 

Address: S Main St, Akron, OH 44319

2 Bed / 1 Bath (finished attic for a 3rd bedroom / office space)

Living Sqft: 1,374 sqft
Lot: 0.18 acres
Year Built: 1930

Price: $120,000

Photos Link: https://photos.app.goo.gl/jR6YZQnQkTQezrRp8

Est. Rehab: $10,000 - $15,000 (+/-) costs will vary based on scope of work

ARV: ~ $215,000

listed on apartment. com for $950 a month rent

Occupancy: vacant

EMD: $5,255.20

*Cash or HM offers only