1230 W 5th St

Lorain, OH 44052
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4 bd, 2 ba | 1,931 sqft | Built in 1900

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List Price
$117,777

Initial Investment

$32,213

Purchase Price

$105,000

Down Payment

25%

Rent

$1,800

Total Return

$70,790

Annualized Return

33.0%

Cap Rate

12.6%

Gross Yield

20.6%

Cash Flow

$6,444

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Property Type

Duplex

Lot Size

10,890

HOA

None

Flood Risk

Not Required

Opportunity knocks on this must see fully renovated duplex with so many updates too numerous too count! Some updates include 2 hot water tanks, newer electric box, plumbing throughout, floors, windows, cabinets, counters as well as a newer furnace. Both of these units have been freshly painted and both bathrooms have been fully updated. Many options here! All you have to do is move right in ! Schedule your showing appointment now. You won't be disappointed! This is an amazing opportunity and it will not last long!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$20,520

Expenses

-$7,269

Property Taxes

-$1,099

Loan Payments

-$5,708

Net Cash Flow

$6,444

See 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:Robert Amos
Keller Williams Grt Cleve NE
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4302111
Last Updated: 07/27/2021 18:07
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.