Canton, Ohio Duplex: A $189,000 Example With Full Management
A duplex is one building with two homes. Our Canton example is turnkey, which means it is ready to rent with management in place. Here are the estimated numbers.
The numbers at a glance
The example price is $189,000. The two units bring in about $1,750 a month together.
We model 25% down, about $47,250, and a 6.5% loan rate. The cap rate (yearly rent left after costs, divided by price) is about 6.4%.
Cash flow is about $106 a month with full property management paid.
Why people look at Ohio
The price is lower than our new construction markets. That means a smaller check to get started.
Lower prices often mean a higher cap rate.
The trade offs
These are older, renovated homes. Repairs can come up sooner than on a new build.
The monthly profit is small. Look at it as a long term hold, not quick cash.
See the Canton page for current numbers.
Common questions
Is management really included?
Yes, in this example full property management is built into the numbers.
Is this a sample home?
Yes. It is an example. Real homes change by week. We show you what is open on a call.
How much do I need down?
About $47,250 at 25% down. Closing costs are extra.
These numbers are estimates, not promises. Results vary. Talk with a qualified CPA and a licensed lender before you buy.