623 W 24th St

Lorain, OH 44052
image0

3 bd, 2 ba | 1,584 sqft | Built in 1900

slider image
slider image
slider image
List Price
$150,000

Initial Investment

$40,875

Purchase Price

$150,000

Down Payment

25%

Rent

$990

Total Return

$48,423

Annualized Return

16.2%

Cap Rate

4.7%

Gross Yield

7.9%

Cash Flow

-$1,691

Appreciation

6.7%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,534

HOA

None

Flood Risk

Not Required

This inviting home boasts a functional layout, starting with a spacious living room that serves as the heart of the house. On the second floor, you'll find a well-maintained bathroom and three comfortable bedrooms. The unfinished basement is already equipped with a utility tub, an additional bathroom, and a shower, providing a solid foundation for future customization or practical use.
Notable upgrades include a brand-new hot water tank and windows. The freshly painted exterior trim and accents give the home a crisp, updated appearance, while a full interior repaint and numerous interior updates enhance its charm and functionality.
With its thoughtful improvements and spacious design, this home offers a perfect blend of modern convenience and classic appeal, making it a comfortable and welcoming place to live.

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$11,286

Expenses

-$2,122

Property Taxes

-$2,700

Loan Payments

-$8,155

Net Cash Flow

-$1,691

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.

Similar Listings



Listing Courtesy of:Antonio Smith
Agent License 2021008583
Keller Williams Living
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5105863
Last Updated: 03/15/2025 01:03
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.