Akron & Canton —
Highest Cap Rates in Our Portfolio.
16.9% cap rate. $141,000 purchase price. Renovated and tenant-ready. That is the Balsam in Akron — and it represents what Ohio offers investors who understand the price-to-rent ratio math. Lowest entry point in the EOR portfolio. Honest about the trade-offs too.
Ohio Is a High Cap Rate Market.
Here’s the Full Story — Upside and Trade-Offs.
We believe in showing the complete picture. Ohio’s numbers are real and compelling — and they come with characteristics that are different from our new construction markets. Both sides matter.
- 💰 Lowest entry point in EOR portfolio — from $35,250 down
- 📊 Highest gross cap rates — up to 16.9% on the right property
- 🏥 Stable employment base — Goodyear, Summa Health, Akron Children’s Hospital, University of Akron
- ⚖️ Landlord-friendly Ohio law — efficient eviction, no rent control
- 🔄 Strong price-to-rent ratio — rental income relative to purchase price is exceptional
- 🗺️ Geographic diversification from Sun Belt markets
- 🔨 Older properties (1907–1919) — renovated but not new construction
- 🔧 Higher maintenance risk than new construction — older mechanicals
- 📈 Lower appreciation expectations than Sun Belt growth markets
- 💵 Net cash flow is modest despite high cap rate (financing costs compress it)
- 🌡️ Cold climate — heating costs and weather-related maintenance are real
- 📊 Cap rate is gross/unleveraged — leveraged returns look different
Active Ohio Properties
with Real Numbers.
Three properties currently available in Akron and Canton. Full pro formas available via the links on the properties page.
| Property | Location | Price | Rent | Net CF | Cap Rate | Down Payment |
|---|---|---|---|---|---|---|
| Balsam | Akron, OH | $141,000 | $1,160 | $29/mo | 16.9% | ~$35,250 |
| Flax | Akron, OH | $159,000 | $1,225 | $58/mo | 6.4% | ~$39,750 |
| Amaryllis | Canton, OH | $142,000 | $950 | $118/mo | 7.0% | ~$35,500 |
Why a 16.9% Cap Rate Produces
$29/Month — Explained Honestly.
The cap rate is real. The cash flow is real. Here is why they are both true at the same time — and what it means for your investment.
| Line Item | Monthly | Notes |
|---|---|---|
| Monthly Gross Rent | $1,160 | Balsam · Akron OH · 4BR/1BA |
| Mortgage (P&I) | −$703 | $105,750 loan · 7% · 30yr fixed |
| Property Taxes | −$153 | 1.3% Akron rate — higher than South |
| Insurance | −$80 | Standard landlord policy |
| Property Management (10%) | −$116 | Standard Ohio rate |
| Vacancy Reserve (5%) | −$58 | Stable workforce rental market |
| Maintenance Reserve (5%) | −$58 | Important on older properties |
| Misc / Other | −$12 | Buffer |
| Net Monthly Cash Flow | $29/mo | Modest — but the cap rate is 16.9% |
The 16.9% cap rate is calculated on an unleveraged basis — it measures gross yield against purchase price without a mortgage. Once you add leverage (a mortgage), financing costs compress the net cash flow. Investors buying Ohio with significant cash down capture much more of the yield directly.
What Sustains Rental Demand
in Akron & Canton.
Ohio’s rental market is driven by a diversified industrial, healthcare, and education employment base — not dependent on any single sector.
How EOR Works in This Market — Important
Equity on Repeat is a real estate marketplace and advisory firm. Ohio properties in our portfolio are renovated by independent contractors and sold through independent sellers. We source, vet, and present these properties — we do not perform the renovation and are not the seller of record in all cases.
After closing, your ongoing relationship is directly with your property management company. They handle all day-to-day operations. EOR introduced them — the management relationship is between you and them.
Ohio’s older property stock carries genuine maintenance risk that we disclose explicitly. The maintenance reserve in our pro formas is not theoretical — it will likely be used. Budget accordingly and ensure you have adequate reserves beyond the down payment. Actual results will vary. Always obtain an independent inspection and conduct your own due diligence. Not legal, tax, or investment advice. Read full disclaimer →
See Current Ohio
Properties & Numbers.
Full pro formas on Balsam, Flax, and Amaryllis — with complete expense breakdowns and direct links to analyze numbers in our ROI calculator.
Browse Ohio PropertiesBook Free Strategy Call