825 W Highland Avenue
Ravenna, OH 44266
List Price
$99,500
Initial Investment
$29,290Purchase Price
$97,000
Down Payment
25%
Rent
$1,225
Total Return
$57,140
Annualized Return
26.8%
Cap Rate
8.8%
Gross Yield
15.2%
Cash Flow
$2,536
Appreciation
8.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
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
Annual Financial Highlights
Expected Rent
$13,965Expenses
-$4,155Property Taxes
-$2,000Loan Payments
-$5,273Net Cash Flow
$2,536See more in Financials
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