11% Cap Rate On HUMONGOUS 4 Bed, 2 Bath Property
$73,900.00Price
It’s freaking enormous, humongous, monstrous, etc… You get the point, I mean this property is BIG with a capital B. It's a lovely 4 bedrooms and 2 bathrooms property and with an 11% cap rate, this is a real cash cow. These are exactly the types of properties that everyone at Ohio Cashflow has been buying for their own portfolio and we encourage all of you to do the same.
The 43612 zip code sits right on the outskirts of the Washington Local School District and is a prime location for both renters and home owners. Renovated comparable sales are extremely strong with prices ranging in the $60,000 - $70,000 with bigger and more appealing properties selling for $75,000+.
Details
Single Family Home
Property Type: Residential
Property Market: Toledo
Lot Size: 6200 sqft
Square Footage: 1,622 sqft
Bedrooms: 4
Bathrooms: 2
Parking: Detached 576 sqft
Property Pro-Forma Details
Rent: $900 per month
Annual Rent: $ 108,00
Annual Net Return: $7,620
Cap Rate: 10%
Annual Expenses
Tax: $ 1,400 per year
Insurance: $700
Management: $1,080