10151 Aldridge Dr
Columbia Station, OH 44028
List Price
$244,900
Initial Investment
$66,675Purchase Price
$230,000
Down Payment
25%
Rent
$2,450
Total Return
$119,319
Annualized Return
25.0%
Cap Rate
8.1%
Gross Yield
12.8%
Cash Flow
$5,065
Appreciation
7.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
-
Lease End
-
Property Type
Duplex
Lot Size
5,663
HOA
None
Flood Risk
Not Required
Location, Location, Location, Up for sale is a fully renovated multi-family home. Investors or Homeowners will not want to miss out on this rare opportunity to purchase a cash flowing machine with all of the work completely done. There are very few multi family homes in Columbia Station and none that are this renovated. Every inch of the property has been completely brought back to life with a brand new roof, all new kitchens and appliances, bathrooms, laundry rooms and appliances, floors and fresh paint through out. There is nothing left to due but collect rent and cash flow. With low taxes in Lorain County and low overhead this property is an investors dream in an excellent neighborhood with incredible schools. Property is currently 100% occupied.
See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717
Annual Financial Highlights
Expected Rent
$27,930Expenses
-$7,186Property Taxes
-$3,175Loan Payments
-$12,504Net Cash Flow
$5,065See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Federico Gutierrez
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Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4424287
Last Updated: 01/19/2023 05:01
MLS #4424287
Last Updated: 01/19/2023 05:01