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$53,000

For Sale - Active
723 Cato Ave, Akron, OH 44310
1 Bed
1 Bath
848 Square Feet
0.00 Acres Lot
Built in 1918
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Apr 29, 2025 at 03:03AM

Investment Summary


Monthly Cash Flow
$632
Cap Rate
14.3%
Cash-on-Cash Return
13.9%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
17.5%

Property Description


0.00 Acres Lot
Built in 1918
For Sale - Active
Units n/a

Welcome to 723 Cato Avenue! Calling all investors - this home is ready for you to make it your own! Spacious fenced-in yard and first floor living. Don't miss this great investment opportunity - schedule your private tour today!

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Location


Property Details


Parking

  • Description: NoGarage, Paved
  • Details: No Garage, Paved
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1
  • Basement: Yes

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: 6832267
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1918

Tax Information

  • Annual Tax: $1,528

Utilities

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

Location

  • County: Summit

Listing Details


Listed by:
Tyson T Hartzler
Keller Williams Chervenic Rlty
(330) 786-5493

Source:
MLS Now
MLS#: 5081028
MLS Now

Investment Summary


Monthly Cash Flow
$632
Cap Rate
14.3%
Cash-on-Cash Return
13.9%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
17.5%

Purchase Details

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Purchase price:
$53,000
Amount financed:
$0
Down payment:
$53,000
Closing costs:
$1,590
Rehab costs:
$0
Initial cash invested:
$54,590
Square feet:
848
Cost per square foot:
$63
Monthly rent per square foot:
$1.30

Financing Details

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Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

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: (12%)
12%-$127-$1,528
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: (37%)
37%-$402-$4,828

Cash Flow


Monthly Yearly
Net operating income:
$632 $7,584
Mortgage payments:
$0 $0
Cash flow:
$632 $7,584