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$169,900

For Sale - Active
2652 Albrecht Ave, Akron, OH 44312
4 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1919
For Sale - Active
1 Units
Checked: 24 hours ago
Updated: Apr 22, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
-$208
Cap Rate
4.8%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.2%

Property Description


0.00 Acres Lot
Built in 1919
For Sale - Active
1 Units

**Charming 4-Bedroom in Great Ellet Location!** Nestled in the heart of Ellet, this classic **4-bedroom, 1.5-bath** is bursting with old-world charm and endless potential! From the moment you step inside, you’ll be greeted by **beautiful natural woodwork** that adds warmth and character to every room. The **spacious living room** flows seamlessly into the **formal dining room**, perfect for hosting gatherings. A unique **first-floor den**, set in the enclosed porch area, offers a cozy retreat or a potential home office. Plus, a **first-floor bedroom and half bath** provide added convenience. Upstairs, you'll find three generously sized bedrooms and a full bath. The **full basement** offers ample storage or potential for additional living space. Outside, enjoy a **fenced-in backyard** for privacy and a **two-car garage** for parking and extra storage. With **central air** to keep you cool in the summer, this home has great bones—just bring your personal touch with a little paint and TLC to make it truly shine! Don’t miss this opportunity—schedule your private showing today!

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Detached, Garage, Paved
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Material: Asphalt, Fiberglass

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 6857776
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape Cod
  • Year Built: 1919

Tax Information

  • Annual Tax: $3,355

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Summit

Listing Details


Listed by:
Veronica S Day
Carol Goff & Associates
(330) 401-8050

Source:
MLS Now
MLS#: 5105871
MLS Now

Investment Summary


Monthly Cash Flow
-$208
Cap Rate
4.8%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$169,900
Amount financed:
-$135,920
Down payment:
$33,980
Closing costs:
$5,097
Rehab costs:
$0
Initial cash invested:
$39,077
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$135,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$894
Property tax:
$280
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,272

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$280-$3,355
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$630-$7,555

Cash Flow


Monthly Yearly
Net operating income:
$686 $8,232
Mortgage payments:
-$894 -$10,728
Cash flow:
$208 $2,496