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
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Analysis
Annual Financial Highlight
Expected Rent
$13,851
Expenses
-$3,976
Property Taxes
-$3,100
Loan Payments
$0
Net Cash Flow
$6,775
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Financials
Considerations
Buy Process
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.