266 Hudson Ave

Newark, OH 43055
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3 bd, 2 ba | 1,969 sqft | Built in 1890

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List Price
$255,000

$13.9K

Initial Investment

$69,488

Purchase Price

$255,000

Down Payment

25%

Rent

$1,520

Total Return

$130,371

Annualized Return

22.6%

Cap Rate

4.5%

Gross Yield

7.2%

Cash Flow

-$2,990

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,984

HOA

None

Flood Risk

High Risk - Zone A

SPACIOUS THREE BEDROOM HOME FULL OF HISTORIC CHARACTER AND DESIRABLE UPDATES. FIRST FLOOR FEATURES LIVINGROOM, DINING ROOM, OFFICE OR FAMILY ROOM, HALF BATH, AND LARGE KITCHEN WITH NEWER APPLIANCES. UPSTAIRS THERE ARE THREE GOOD SIZED BEDROOMS WITH PLENTY OF CLOSETS AND A FULL BATHROOM. THE THIRD FLOOR IS FINISHED FOR POTENTIAL EXTRA BEDROOM OR KIDS PLAYROOM. THE BACK YARD IS FENCED IN AND PLENTY OF OFF STREET PARKING. THIS HOUSE WILL NEED SOME WORK AND SELLING ''AS IS'' BUT IS VERY LIVABLE AND GREAT VALUE FOR SOMEONE WANTING TO ADD THEIR OWN PERSONAL FINISHING TOUCHES.

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

$17,328

Expenses

-$4,004

Property Taxes

-$2,450

Loan Payments

-$13,863

Net Cash Flow

-$2,990

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:Kathleen Ford
Coldwell Banker Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224010233
Last Updated: 04/25/2024 00:04
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