INSANE INVESTMENT
3023 Bracken Woods Ln, Cincinnati, OH
15.20% return
SP:
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Property Description

FULLY OCCUPIED QUAD! 

Located in a major city with a booming economy. Separate electric meters. Tons of rental demand in the area! The city is a cultural and economic hub. Home to one of the largest universities in the country. This property will generate a 15.2% RETURN! Property next door recently sold for $285k. Don't miss out on this discounted opportunity! Inquire now before its too late! 

Professional property management and financing available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units4
  • Total bedrooms12
  • Total bathrooms4
  • Building size4320 sq. ft.
  • Lot size0.1 acres
  • Year built1963
  • CountyClermont County
  • Subdivision
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingELECTRIC
  • CoolingWall A/C

Property Financial Summary

  • Sale price $255,000
  • Estimated rehab 1 $0
  • Total investment $255,000
  • Type Proforma
  • Gross income (annually) $55,200
  • Operating expenses (annually) $16,450
  • Net income (annually) $38,750
  • Gross return 21.65%
  • Gross income (monthly) $4,600
  • Operating expenses (monthly) $1,371
  • Net income (monthly) $3,229
  • Net return 15.20%

Property Income & Expenses

  • Income
  • Unit 1: 3 bed / 1 bath $1,150/month $13,800/year
  • Unit 2: 3 bed / 1 bath $1,150/month $13,800/year
  • Unit 3: 3 bed / 1 bath $1,150/month $13,800/year
  • Unit 4: 3 bed / 1 bath $1,150/month $13,800/year
  • Total $4,600/month $55,200/year
  • Expenses
  • Property Taxes $167/month $2,000/year
  • Maintenance reserve $200/month $2,400/year
  • Property Management $400/month $4,800/year
  • Water and Sewer $400/month $4,800/year
  • Gas Utility Bill $100/month $1,200/year
  • Insurance $104/month $1,250/year
  • Total $1,371/month $16,450/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.

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