2364 Apple Ave
Lorain, OH 44055
List Price
$95,000
Initial Investment
$25,888Purchase Price
$95,000
Down Payment
25%
Rent
$860
Total Return
$35,744
Annualized Return
19.6%
Cap Rate
6.5%
Gross Yield
10.9%
Cash Flow
$545
Appreciation
6.1%
Reset to DefaultEdit Assumptions
Features
Lot Size
4,792
HOA
None
Flood Risk
Not Required
Great investment opportunity! This 3 bedroom Cape Cod in Elyria needs some TLC, but with your personal touches, this home has so much value add potential! Currently there is a long term, Section 8, tenant in place that pays all utilities and $750 a month. Start, or add, this home to your investment portfolio and start making money! No showings until we receive an acceptable offer in hand. The home has a large front porch and a 2 car detached garage. Contact Agent for more information.
See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717
Annual Financial Highlights
Expected Rent
$9,804Expenses
-$2,344Property Taxes
-$1,750Loan Payments
-$5,165Net Cash Flow
$545See more in Financials
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.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
- You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
- Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.
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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SourceMLS Now
MLS #4461716
Last Updated: 05/26/2023 19:05
MLS #4461716
Last Updated: 05/26/2023 19:05