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Super Deal With Super Strong Comparable Sales

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
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