157 Burton Ave, Akron, OH 44302Located in Akron, OH this 1,413 sqft single family house is ready for a face lift. This 3 bedroom/ 1.5 bathroom cutie is in a great area of Akron and is in the Akron City School District. The property needs some interior updating. See pictures for more details. Contact us for showings at (215) 315-3839If you are looking to buy, fix, and re-sell (flip) this property then below is some analysis:If you are looking to buy and hold (rental property) this property then below is some analysis:Rental AnalysisPurchase Price: $24,900Total Estimated Repairs: $14,130Reinstatement Costs: $0Transfer Tax: $100Closing Costs (sale): $498Buyer's initial cost: $39,628Monthly Rental Income: $650Vacancy: $65Taxes: $170HOA Fees: $0Insurance: $67Property Management: $0Utilities: $0Repairs: $65Net Monthly Operating Income: $283Annual cash return: 8.6%If you are looking to buy, fix, and re-sell (flip) this property then below is some analysis:Fix 'n Flip Analysis Purchase Price: $ 24,900Total Estimated Repairs: $ 21,195Reinstatement Costs: $0 Transfer Tax: $ 100Closing Costs: $498 Buyer's initial cost: $46,693 After Repaired Value: $ 75,000Buyer's initial cost: $ 46,693Selling Costs: $ 4,500Transfer Tax: $ 300Closing Costs: $1,500 Anticipated Gross Profit: $22,007*Overhead and Holding Costs NOT included since varies per investorOccupancy: vacant Layout: colonialSq Footage: 1,413Year Built: 1919Comparable Sales COMPS 1060 W Exchange St $80,000 3 /2 1829sqft1031 Emma Ave $88,000 3/2 1630sqftCall us for Access:215-315-3839
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