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Giddy Up Into Another Property At WAY Below Market

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
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