225 Wilson St

Newark, OH 43055
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2 bd, 1 ba | 1,352 sqft | Built in 1900

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List Price
$119,900

Initial Investment

$32,673

Purchase Price

$119,900

Down Payment

25%

Rent

$1,330

Total Return

$89,837

Annualized Return

34.3%

Cap Rate

9.4%

Gross Yield

13.3%

Cash Flow

$3,970

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,845

HOA

None

Flood Risk

High Risk - Zone AE

With the necessary improvements, this 3-bedroom property can be transformed into an attractive and comfortable home. Renovations such as windows, paint, flooring, light fixtures will not only enhance the property's aesthetic appeal but also increase its value and long-term marketability. It has a decent furnace, roof, solid foundation, vinyl siding & 2 yr old hot water tank. Increase your purchase price for cash back to finish what this home needs. Garage is currently rented for $200 per month and can be seen after home is in contract.

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

Annual Financial Highlights

Expected Rent

$15,162

Expenses

-$3,504

Property Taxes

-$1,170

Loan Payments

-$6,518

Net Cash Flow

$3,970

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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Listing Courtesy of:Amber Burns
Red 1 Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224020161
Last Updated: 07/10/2024 12:07
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.