327 Hillside Ave

Lancaster, OH 43130
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4 bd, 3 ba | 2,320 sqft | Built in 1955

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List Price
$359,000

Initial Investment

$97,828

Purchase Price

$359,000

Down Payment

25%

Rent

$2,180

Total Return

$171,168

Annualized Return

21.7%

Cap Rate

4.8%

Gross Yield

7.3%

Cash Flow

-$3,439

Appreciation

9.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,365

HOA

None

Flood Risk

Not Required

A Grand 1950's home at the top of a hill with a stunning view overlooking Lancaster. This 4 bedroom, 2.5 bath home was well-maintained and upgraded without diminishing any of its mid-century charm. This home features 3 large bedrooms, a newly remodeled bath on the top floor, and a 4th bedroom that makes for a nice office or den. The home features spacious rooms, hardwood floors, tons of storage, original custom kitchen cabinets, wood built-ins, and easy stair attic access. There are also 2 fireplaces, 2 patios, and beautiful landscaping. Upgrades: Window replacement 2019, new roof and gutters 2020, kitchen updates & appliances 2020, driveway 2022, and garage door 2023. Basement is partially finished with WB fireplace, second kitchen and full bath - a perfect MIL suite!

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

Annual Financial Highlights

Expected Rent

$24,852

Expenses

-$4,424

Property Taxes

-$4,350

Loan Payments

-$19,517

Net Cash Flow

-$3,439

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:Deborah Crabtree
RealtyOhio Real Estate
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224010582
Last Updated: 04/10/2024 16:04
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