12965 S WASHINGTON ST

SOUTH SOLON, OH 43153
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2 bd, 1 ba | 981 sqft | Built in 1900

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List Price
$119,900

Initial Investment

$32,673

Purchase Price

$119,900

Down Payment

25%

Rent

$930

Total Return

$64,081

Annualized Return

25.2%

Cap Rate

6.7%

Gross Yield

9.3%

Cash Flow

$958

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,000

HOA

None

Flood Risk

Not Required

This beautifully refreshed home offers thoughtful updates throughout. Step inside to find updated flooring, fresh interior and exterior paint, and modern light fixtures and receptacles that create a bright and inviting atmosphere. The kitchen has been tastefully updated with a new countertop, cabinet hardware, fixtures, and brand-new appliances, while the bathroom has also been nicely remodeled with contemporary finishes. Additional updates include a brand-new water heater and updated door hardware throughout the home. Outside, enjoy the convenience of a covered carport, a partially fenced yard ideal for pets or outdoor gatherings, and an enclosed breezeway entry that offers a charming and functional transition space. This home is truly move-in ready and full of character and comfort.

See more in Analysis
Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644

Annual Financial Highlights

Expected Rent

$10,602

Expenses

-$2,026

Property Taxes

-$1,100

Loan Payments

-$6,518

Net Cash Flow

$958

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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MLS #931906
Last Updated: 04/14/2025 17:04
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