I'm selling 6 SFRs in Akron, OH via Wrap-around/Sub-2/Owner financing with $100K down. Total proforma monthly rental income of $7,300 minus total fixed mortgage payment of $4,800 (includes taxes and insurance) equals $2,400 in proforma monthly cash flow.
See below:
1) Van Everett
Renovated 4/1
$1,200 market tenant
Tenant pays water and sewer
Tenant is responsible for landscaping
Lease expires May 2026
$800 PITI payment
$1,300 market rent rate
ARV is around $125K
Payoff is $72K
2) W Dalton
Non-renovated 3/1
$1,086 section 8 tenant
Owner pays water and sewer
Tenant is responsible for landscaping
Lease is month to month
$800 PITI payment
$1,200 market rent rate
ARV is around $110K
Payoff is $77K
3) Joy Ave
Non-renovated 3/1
Market tenant paying $850
Tenant pays water and sewer
Tenant is responsible for landscaping
Month to month lease
$800 PITI payment
$1,200 market rent rate
ARV is around $120K
Payoff is $86K
4) W Thornton
Non-renovated 3/1
$799 section 8 tenant
Owner pays water and sewer
Tenant is responsible for landscaping
Month to month lease
$800 PITI payment
$1,200 market rent rate
ARV is around $110K
Payoff is $66K
5) Wall St
Updated 3/1
$1,100 market rate tenant
Tenant pays water and sewer
Tenant is responsible for landscaping
Month to month lease
$800 PITI payment
$1,300 market rent rate
ARV is around $130K
Payoff is $90K
6) Bank St
Non-renovated 3/1
$675 market rate tenant
Tenant pays water and sewer
Tenant responsible for landscaping
Month to month lease
$800 PITI payment
$1,100 market rent rate
ARV is around $100K
Payoff is $56K