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$118,500

For Sale - Active
432 Fuller St, Akron, OH 44306
4 Beds
2 Baths
1,877 Square Feet
0.00 Acres Lot
Built in 1925
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: May 20, 2025 at 06:07PM

Investment Summary


Monthly Cash Flow
$251
Cap Rate
8.8%
Cash-on-Cash Return
11.1%
Debt Coverage Ratio
1.40
Internal Rate of Return (5 years)
14.8%

Property Description


0.00 Acres Lot
Built in 1925
For Sale - Active
Units n/a

Investment opportunity! Spacious 4-bedroom, 2-bathroom home offering just over 1,800 square feet of living space, plus a 2-car garage. Currently tenant-occupied, Section 8, the property generates $1,150 per month in rent, tenant responsible for all utilities. The tenant is on a month-to-month lease. First-floor bedroom complete with an ensuite bathroom and walk-in closet. A mudroom/bonus room is located just off the kitchen, providing additional flexibility. The main floor also includes a formal dining room and a generously sized living room. Upstairs, you’ll find a updated bathroom featuring a soaker tub and stand alone shower, as well as three additional bedrooms. The third floor offers an attic bonus room perfect for extra living or storage space. Approximate system ages: Furnace 2012, a 2022 HWT, 100 amp Square D electrical panel, Roof is older. Photos shown were taken in 2023 prior to the current tenant’s occupancy. No showings will be permitted without an accepted offer—please do not disturb the tenants. The seller will not consider creative financing or wholesale offers. All submitted offers must include proof of funds or a current pre-approval letter.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Unfinished

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: 6822751
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1925

Tax Information

  • Annual Tax: $1,125

Utilities

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

Location

  • County: Summit

Listing Details


Listed by:
Melanie J Corrin
Waypoint Real Estate Group, LLC
(330) 886-8002

Source:
MLS Now
MLS#: 5123627
MLS Now

Investment Summary


Monthly Cash Flow
$251
Cap Rate
8.8%
Cash-on-Cash Return
11.1%
Debt Coverage Ratio
1.40
Internal Rate of Return (5 years)
14.8%

Purchase Details

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Purchase price:
$118,500
Amount financed:
-$94,800
Down payment:
$23,700
Closing costs:
$3,555
Rehab costs:
$0
Initial cash invested:
$27,255
Square feet:
1,877
Cost per square foot:
$63
Monthly rent per square foot:
$0.75

Financing Details

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Loan amount:
$94,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$621
Property tax:
$94
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$813

Operating Income

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% 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: (7%)
7%-$94-$1,126
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: (32%)
32%-$444-$5,326

Cash Flow


Monthly Yearly
Net operating income:
$872 $10,464
Mortgage payments:
-$621 -$7,452
Cash flow:
$251 $3,012