Top Property In A Top Area
$56,900.00Price
Here we go again, another INSANE opportunity is offered to you with this amazing 2 bed, 1 bath home in Cincinnati, Ohio. This investment property is located right next to the Kenwood Town Centre and the Country Club. Excellent restaurants are also located within close proximity. The Cheesecake Factory & Maggiano’s just to name a few. The work being completed includes: HVAC repairs, new hot water heater, plumbing repairs, electrical repairs, new carpet, interior paint, new light fittings and many more updates!
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 $70,000, $80,000 and some even pushing the $90,000+ price range.
The all time high sale price for this property was $83,500 in 2006.
Details
Single Family Home
Property Type: Residential
Property Market: Cincinnati
Lot Size: 5,663 sq ft
Square Footage: 1,059 sq ft
Bedrooms: 2
Bathrooms: 1
Car: Car Space
Property Pro-Forma Details
Monthly Rent: $800
Annual Rent: $9,600
Annual Net Return: $7,540
Cap Rate: 13%
Annual Expenses
Property Tax: $600
Insurance: $500
Management: $960