825 W Highland Ave

Ravenna, OH 44266
image0

3 bd, 1 ba | 1,133 sqft | Built in 1900

For Sale

Exclusive

List Price
$99,500

Initial Investment

$29,972

$

about the purchase process.
Features

Occupancy

Unspecified

Lease Start

12/01/2021

Lease End

12/31/2022

Lot Size

9,000

HOA

None

Flood Risk

Not Required

  • AS-IS Sale
  • Pet fee included in monthly rent of $50
  • An opportunity to own a long-time rental property. Fully updated 3 bedrooms, 1 bath home. Tenants signed a one-year lease, with cash deposit in October for a Dec 1, 2021, move-in date and pays all utilities. Owner will receive $1,225 p/month. Investor buys and cash flows (at a premium rental rate) right away. Low taxes and insurance rates to optimize net profit.
  • Fully updated bathroom and large Kitchen with dining area, spacious living room. Property has new vinyl plank flooring, paint, electrical and plumbing updates throughout. Exterior work has also been done, including front and rear porch and roofing, gutter and downspout updates. Has a newer furnace and hot water heater. Attached storage room with its own entrance. Nice, corner lot and big backyard. A quick walk to downtown Ravenna. Lot size of 9,000 square feet. Nearby schools include West Main Elementary School, Brown Middle School and Ravenna High School.
See more in Analysis

Have a question for us?

We’re happy to help!

Ask a Question

Annual Financial Highlights

Expected Rent

$13,965

Expenses

-$3,908

Property taxes

-$2,000

Loan Payments

-$4,275

Net Cash Flow

$3,781

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 4 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

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.

Similar Listings