Offered at BELOW market value! Cincinnati, OH
$54,900.00Price
A can’t “miss it” opportunity is offered to you with this fantastic 2 bed, 1 bath home in Cincinnati, Ohio. This investment property is located in a Cul-de-sac street and in an area that is known to be heavily owner occupied. The work being completed includes: new roof, kitchen upgrade, bathroom upgrade, plumbing repairs, electrical repairs, new carpet, interior paint, new light fittings and many more updates!
This turnkey property is located in a very safe and wealthy area of Cincinnati called College Hill. College Hill is known for the two colleges that were established there in the mid-nineteenth century. The property is situated within a 5 mile radius of $500,000 homes. Comparable sales in the area are strong with un-renovated and renovated properties selling in the $50,000, $60,000 and some even pushing the $70,000+ price range.
Details
Single Family Home
Property Type: Residential
Property Market: Cincinnati
Lot Size: 5,619 sq ft
Square Footage: 888 sq ft
Bedrooms: 2
Bathrooms: 1
Car: Car Space
Property Pro-Forma Details
Monthly Rent: $750
Annual Rent: $9,000
Annual Net Return: $6,750
Cap Rate: 12%
Annual Expenses
Property Tax: $850
Insurance: $500
Management: $900