Cheap Rentals!!
*** ********* ***, ********, OH
21.08% return
SP:
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Property Description

Awesome package!!!

Only 22.5k per unit! Two houses and a duplex, all side by side. Large 3bed/1bath units. Will easily rent for $600 per unit and generate a 21%+ net return on investment!! Minor TLC is needed. 3 out of 4 units are currently occupied. One of the tenants is on section 8. No major repairs needed. Do not miss out.

Professional property management and financing are available. Call us today!

Property Information

  • Listing statusPending
  • Property typeMulti Family (3 properties)
  • Total units4
  • Total bedrooms12
  • Total bathrooms4
  • Building size5329.52 sq. ft.
  • Lot size0.1 acres
  • Year built(unknown)
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $90,000
  • Estimated rehab 1 $10,000
  • Total investment $100,000
  • Type Proforma
  • After repair value $120,000
  • Potential profit $20,000
  • Gross income (annually) $28,800
  • Operating expenses (annually) $7,718
  • Net income (annually) $21,082
  • Gross return 28.80%
  • Gross income (monthly) $2,400
  • Operating expenses (monthly) $643
  • Net income (monthly) $1,757
  • Net return 21.08%

Property Income & Expenses

  • Income
  • *** ********* ***
  • 3 bed / 1 bath $600/month $7,200/year
  • 3 bed / 1 bath $600/month $7,200/year
  • *** ********* ***, Duplex
  • Unit 1: 3 bed / 1 bath $600/month $7,200/year
  • Unit 2: 3 bed / 1 bath $600/month $7,200/year
  • Total $2,400/month $28,800/year
  • Expenses
  • Property Taxes $56/month $678/year
  • Insurance (estimated) $83/month $1,000/year
  • Water, Sewer and Waste $320/month $3,840/year
  • Maintenance reserve $183/month $2,200/year
  • Total $643/month $7,718/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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