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$255,000

Under Contract
5002 Wooster Rd W, Norton, OH 44203
3 Beds
2 Baths
2,160 Square Feet
0.00 Acres Lot
Built in 1950
Under Contract
Units n/a
Checked: 20 hours ago
Updated: Aug 26, 2025 at 10:10AM

Investment Summary


Monthly Cash Flow
-$131
Cap Rate
5.1%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.4%

Property Description


0.00 Acres Lot
Built in 1950
Under Contract
Units n/a

SPACIOUS CAPECOD/BUNGALOW ON A PRIVATE DEAD END STREET! Almost an acre on Richland Ave, a quiet dead end street with no other driveways. It feels like having your own private lane. This 2160 sq ft 4 level home offers incredible space and flexibility with 3/4 bedrooms, 2 full baths. Plus 3rd car garage. Main floor has living room with wood burning fireplace, a dining room with chandelier, the kitchen has stainless steel appliances and a pantry closet, a cozy but spacious family room with a split barn door, a full bath and a main floor laundry room with a wood ceiling. On the second floor there is a spacious primary bedroom, a secondary bedroom (wood floors under carpet), a full bath and a landing with built in storage and a walk in closet (more wood floors under carpet). The third floor hosts a large bedroom with a bonus room/office/4th bedroom, game room craft room with access to attic storage. Additional highlights: City sewers recently put in - fill dirt and new lawn just put in August 2025. Roof with 50 year shingle and gutter helmet approx 3 years old. Furnace serviced 2024 motor replaced, Multiple 6 panel doors throughout. Great drop zone area at entry for coats and shoes. And don't forget extra parking and room to play along Richland Ave. This home combines space and character a rare find in a setting that feels private yet connected. MUST SEE to appreciate.

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Driveway, Detached, Garage, Garage Door Opener, Garage Faces Side
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 4
  • Basement: Yes
  • Basement Description: Full, Concrete, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 4602066
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $2,817

Utilities

  • Water & Sewer: Well, Public
  • Heating: Natural Gas, Forced Air, Fireplace(s)
  • Cooling: Ceiling Fan(s), Window Unit(s)

Location

  • County: Summit

Listing Details


Listed by:
Sandra M Mangan
Russell Real Estate Services
(440) 567-7790

Source:
MLS Now
MLS#: 5129676
MLS Now

Investment Summary


Monthly Cash Flow
-$131
Cap Rate
5.1%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.4%

Purchase Details

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Purchase price:
$255,000
Amount financed:
-$204,000
Down payment:
$51,000
Closing costs:
$7,650
Rehab costs:
$0
Initial cash invested:
$58,650
Square feet:
2,160
Cost per square foot:
$118
Monthly rent per square foot:
$0.88

Financing Details

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Loan amount:
$204,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,207
Property tax:
$235
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,575

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$235-$2,817
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$710-$8,517

Cash Flow


Monthly Yearly
Net operating income:
$1,076 $12,912
Mortgage payments:
-$1,207 -$14,484
Cash flow:
$131 $1,572