Giddy Up Into Another Property At WAY Below Market
$67,900.00Price
They say that when a good horse gallops, it kicks up a lot of dust behind it. Well how about you Giddy Up into this awesome 3 bedroom, 1 bathroom property and kick dust in every fellow investors face. This turnkey investment property is situated on an enormous 18,700 sq ft lot with the back yard facing a recent commercial property we sold. The property was built in the 1930s and is located in an area that is known to be heavily owner occupied.
The work being completed includes: EVERYTHING…
When we think of major employers, one as large as AK Steel is rare in a town of only 50,000. AK Steel employs 8,000 among their plants, over 3,100 of which are in Middletown. The benefit of investing in Middletown is being located directly between Cincinnati and Dayton and thus tenants can drive 15-25 mins either direction to have access to thousands of employers.
Genuine comparable sales for a similar property range anywhere from $70,000 - $90,000.
Details
Single Family Home
Property Type: Residential
Property Market: Middletown
Lot Size: 18,700 sq ft
Square Footage: 1,060 sq ft
Bedrooms: 3
Bathrooms: 1
Car: Long Fenced Driveway
Property Pro-Forma Details
Monthly Rent: $895
Annual Rent: $10,740
Annual Net Return: $7,281
Cap Rate: 11%
Annual Expenses
Property Tax: $2,000
Insurance: $600
Management: $859