312 S Richardson Ave

Columbus, OH 43204
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2 bd, 1 ba | 1,068 sqft | Built in 1925

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List Price
$93,000

Initial Investment

$25,343

Purchase Price

$93,000

Down Payment

25%

Rent

$1,210

Total Return

$74,673

Annualized Return

36.4%

Cap Rate

10.0%

Gross Yield

15.6%

Cash Flow

$3,533

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,356

HOA

None

Flood Risk

Not Required

Seller is at his bottom line. He has authorized disclosure do not ask for anything less to be reviewed.
Investors -this needs cleaned up. Will make a great rental! Original hardwood floors in excellent condition! Still has original claw tub. Roof 10-12 yrs -HVAC 10yrs furnace board repair done $1000.00
Long time owners in this home. Off street parking in back.

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

$13,794

Expenses

-$3,505

Property Taxes

-$1,700

Loan Payments

-$5,056

Net Cash Flow

$3,533

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:Rachel Casto
Agent License 411375
Coldwell Banker Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #225004793
Last Updated: 05/08/2025 14:05
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