2316 Cleveland Ave

Columbus, OH 43211
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4 bd, 2 ba | 1,600 sqft | Built in 1924

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List Price
$187,500

Initial Investment

$51,094

Purchase Price

$187,500

Down Payment

25%

Rent

$1,610

Total Return

$104,490

Annualized Return

25.8%

Cap Rate

6.5%

Gross Yield

10.3%

Cash Flow

$1,254

Appreciation

8.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,356

HOA

None

Flood Risk

Not Required

This massive fully renovated 4 bedroom, 1.5 bathroom home is a Columbus downtown gem. It offers a host of modern amenities - combining spacious living, and everyday convenience. Enjoy a bright kitchen with soft-close cabinets, updated flooring, and generous room sizes throughout. This home features covered front and rear porches, a large backyard with 2 rear parking spaces on a concrete pad, and there are washer/dryer hookups in the basement. Situated in close proximity to Easton Shopping Center, OSU Campus, and the vibrant Short North Arts district, this home is also conveniently surrounded by a variety of restaurants, bars, and coffee shops that are all within walking distance. Roof is brand-new from 2023. New hot-water tank installed in 2023. New HVAC system in 2023.

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NEIGHBORHOOD

SCHOOLS

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Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644

Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,506

Property Taxes

-$3,400

Loan Payments

-$10,193

Net Cash Flow

$1,254

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

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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:Alfath Ahmed
Agent License 2022006870
Reafco
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #225010026
Last Updated: 06/23/2025 20:06
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