162 S Roys Ave

Columbus, OH 43204
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3 bd, 1 ba | 1,710 sqft | Built in 1940

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List Price
$185,000

$13K

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,540

Total Return

$109,682

Annualized Return

26.0%

Cap Rate

5.7%

Gross Yield

10.0%

Cash Flow

-$293

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,720

HOA

None

Flood Risk

Not Required

THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY MUNICIPAL COURT, ENVIRONMENTAL DIVISION. Great opportunity to rehab this property and make it your own. The interior has been cleaned out and ready for updates, new roof, and new gutters and downspouts. Due to the court approval process, this is not a quick close. The Receiver requests for in-state buyers only. SEE AGENT TO AGENT REMARKS

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644

Annual Financial Highlights

Expected Rent

$17,556

Expenses

-$4,091

Property Taxes

-$3,700

Loan Payments

-$10,058

Net Cash Flow

-$293

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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Similar Listings



Listing Courtesy of:Dana Milligan
Agent License 2015005028
Parker Realty Associates
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224009171
Last Updated: 04/19/2024 16:04
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.