2414 Reid Ave
Lorain, OH 44052
List Price
$185,000
Initial Investment
$50,413Purchase Price
$185,000
Down Payment
25%
Rent
$1,510
Total Return
$74,006
Annualized Return
20.2%
Cap Rate
6.1%
Gross Yield
9.8%
Cash Flow
$606
Appreciation
6.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,970
HOA
None
Flood Risk
Not Required
Welcome to 2414 Reid Ave!
This stunning Colonial has been completely updated from top to bottom. Featuring 3 spacious bedrooms plus a finished third-floor loft, 1.5 bathrooms, and an incredible family room just off the main level, this home offers both charm and modern convenience.
Step into the grand foyer and enjoy the open-concept first floor, perfect for entertaining, with a convenient half bath. Upstairs, you’ll find three comfortable bedrooms and a beautifully updated full bathroom.
Recent updates include:
Furnace, Central Air, Water Tank & Roof — all new in 2020
Stainless steel kitchen appliances — just 2 years old
Washer (2023) & Dryer (2025)
Freshly graveled driveway (2025)
Enjoy relaxing on the inviting front porch or in the fully fenced backyard. This smart home includes a smart thermostat and security cameras—all staying with the property. Mechanically and cosmetically updated throughout, this home is truly move-in ready and one of a kind.
Schedule your private tour today with your favorite realtor—you won’t want to miss this gem!
See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717
Annual Financial Highlights
Expected Rent
$17,214Expenses
-$3,201Property Taxes
-$3,350Loan Payments
-$10,058Net Cash Flow
$606See 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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SourceMLS Now
MLS #5115193
Last Updated: 04/16/2025 20:04
MLS #5115193
Last Updated: 04/16/2025 20:04