Super Deal With Super Strong Comparable Sales
$67,000.00Price
Check out this SUPER awesome 3 bed, 1 bath home in Middletown, Ohio. The area is very neat and tidy and shows some very strong comparable sales. The turnkey property is located in the heart of Middletown and only 1 mile away from Downtown.
This turnkey property is also located around the corner from one of our recently sold duplexes and single family homes.
The work being completed includes: electrical upgrade, plumbing upgrade, new hot water, interior paint, new carpet, privacy fence repair, bathroom repairs, exterior siding repair, garage repair, deck repair, new light fittings and many more updates.
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.
The all time high sale price for this property was $95,900 in 1999.
Details
Single Family Home
Property Type: Residential
Property Market: Middletown
Lot Size: 6,900 sq ft
Square Footage: 1,588 sq ft
Bedrooms: 3
Bathrooms: 1
Car: Detached Double Garage
Property Pro-Forma Details
Monthly Rent: $950
Annual Rent: $11,400
Annual Net Return: $8,788
Cap Rate: 13.5%
Annual Expenses
Property Tax: $1,100
Insurance: $600
Management: $912