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$99,900

Under Contract
39 Wayne St, Niles, OH 44446
2 Beds
1 Bath
936 Square Feet
0.00 Acres Lot
Built in 1950
Under Contract
1 Units
Checked: 13 hours ago
Updated: Jul 26, 2025 at 04:23AM

Investment Summary


Monthly Cash Flow
$184
Cap Rate
7.9%
Cash-on-Cash Return
9.6%
Debt Coverage Ratio
1.39
Internal Rate of Return (5 years)
13.4%

Property Description


0.00 Acres Lot
Built in 1950
Under Contract
1 Units

Discover the perfect starter home or downsizer in this charming brick Cape Cod nestled in a quiet neighborhood near schools, shopping and entertainment. Boasting undeniable curb appeal with fresh landscaping and a welcoming enclosed front porch, this is a cozy and cheerful haven you'll love coming home to. Step inside to discover brand new LVP flooring and the comfort of a newly installed furnace. The sundrenched living room flows seamlessly into the dining room, adjacent to a cute kitchen featuring oak cabinetry and included appliances. Two bedrooms and a full bath complete the main level, while a walk-up attic caters to your storage needs. The partially finished basement offers a rec room for entertainment and a convenient laundry area with a washer and dryer. Enjoy easy access to the backyard via the walk-out basement door. A detached garage, a deck and plenty of room to run and play make this backyard an outdoor oasis. Don't miss the opportunity to make this adorable property your own.

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Location


Property Details


Parking

  • Description: Detached, Garage
  • Details: Detached, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Full, Partially Finished, Walk-Out Access

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Asphalt, Fiberglass

Land Information

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

Lot Information

  • Parcel ID: 25341625
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape Cod
  • Year Built: 1950

Tax Information

  • Annual Tax: $1,219

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: None

Location

  • County: Trumbull

Listing Details


Listed by:
Jason J Altobelli
Altobelli Real Estate
(330) 652-0200

Source:
MLS Now
MLS#: 5123380
MLS Now

Investment Summary


Monthly Cash Flow
$184
Cap Rate
7.9%
Cash-on-Cash Return
9.6%
Debt Coverage Ratio
1.39
Internal Rate of Return (5 years)
13.4%

Purchase Details

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Purchase price:
$99,900
Amount financed:
-$79,920
Down payment:
$19,980
Closing costs:
$2,997
Rehab costs:
$0
Initial cash invested:
$22,977
Square feet:
936
Cost per square foot:
$107
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$79,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$473
Property tax:
$102
Insurance:
$77
Private mortgage insurance (PMI):
$0
Monthly payment:
$652

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$102-$1,219
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$377-$4,519

Cash Flow


Monthly Yearly
Net operating income:
$657 $7,884
Mortgage payments:
-$473 -$5,676
Cash flow:
$184 $2,208