3290 Montana Ave Cincinnati, OH 45211
3bd, 1ba | 1,456sqft | Built in 1924
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Initial Investment
$99,369
List Price: $97,900
Purchase Price
$97,900
Down Payment
100%
Rent
$1,215

Total Return
$40,954
Annualized Return
8.1%
Cap Rate
7.6%
Gross Yield
14.9%
Cash Flow
$6,775
Appreciation
1.9%
Features
Occupancy
Occupied
Lease Start
08/04/2018 
Lease End
07/31/2019 
Lot Size
4,312 
HOA
None
Flood Risk
Not Required
  • July 2018 Rehab
  • Built out 4th bedroom on main floor to get higher approved rent number from CMHA (non-permitted build out, approved inspection from CMHA)
  • Back deck - secured all railings, pressure washed and repainted
  • Plumbing repairs and improvements throughout (faucets, valves, stems, lines)
  • Electrical repairs and improvements throughout - including 8 new outlets to meet code her HUD
  • Interior paint (bedrooms and bathrooms)
  • Cincinnati Metro Housing Authority Inspectors have high standards for their inspections and require homes to be in safe and good working condition prior to passing inspection

Annual Financial Highlight
Expected Rent
$13,851
Expenses
-$3,976
Property Taxes
-$3,100
Loan Payments
$0

Net Cash Flow
$6,775
Considerations
Property Characteristics    View Details


Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector’s findings or cancel the contract. If any prior inspection reports are available, you’ll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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