5417 Cove Ave

Columbus, OH 6312
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3 bd, 1 ba | 936 sqft | Built in 1965

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List Price
$209,900

Initial Investment

$57,198

Purchase Price

$209,900

Down Payment

25%

Rent

$1,520

Total Return

$79,727

Annualized Return

18.8%

Cap Rate

5.3%

Gross Yield

8.7%

Cash Flow

-$968

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,405

HOA

None

Flood Risk

High Risk - Zone AE

Charming 3 bed, 1 bath ranch in Blacklick Estates. Located in Groveport-Madison Schools, it boasts a concrete driveway and a detached 1-car garage. Enjoy a remodeled kitchen, bath, new appliances, fresh paint throughout, and new flooring. Other upgrades include new siding, windows, doors, roof and a RainSoft whole home water filtration system. Stay comfortable year-round with a new HVAC and hot water tank. Outside you'll enjoy the extended flower beds, and garden boxes just in time for spring and summer.

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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

-$3,084

Property Taxes

-$3,800

Loan Payments

-$11,411

Net Cash Flow

-$968

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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Similar Listings



Listing Courtesy of:Tierra Lane
Agent License 2017000711
Red 1 Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #225011990
Last Updated: 04/19/2025 17:04
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