Great Quick Flip Or Rental Property!

  • House
    1260 square_feet
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $85,000
    Status : Available
    Year Built : 1939
 Description
Surrey Ave Cincinnati OH 45248

$85k

ARV $135k
2bd/1ba 1260 sqft
Wood frame
City water/ Sewer
Built 1939
Market Rent $820/mo

Rehab Est $15k+/- for:
-Kitchen upgrades
-flooring
-Basement completion

Interior has recently been painted.
Located in a great school district.
The furnace was replaced a few years ago and is in good shape.
Nice wood fireplace with Ruku wood design and other nice architectural designs throughout the property

Contact for more info!
 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Great Quick Flip Or Rental Property! Flip/Rental
$85,000
Property ID: OH191075846
Address: Login to View
City: Cincinnati
State/Province: OH
Zip Code: 45248
Country: USA


Rental Analysis

+ Purchase Price: $85,000
+ Purchase Closing Cost: $2,550
+ Rehab Cost: $10,000
Total Acquisition Cost: $97,550


Monthly Rent: $820
+ Annual Potential Rent: $9,840
- Vacancy (3%): $295
Annual Gross Income: $9,545
Annual Gross ROI: 9.78%


Flip Analysis

+ Purchase Price: $85,000
+ Purchase Closing Cost: $2,550
+ Rehab Cost: $15,000
Total Acquisition Cost: $102,550


+ Selling closing cost: $4,050
+ Agent Commision : $4,050
Total Holding Cost: $8,100


Total Flip Cost: $110,650
Projected ARV: $135,000
Net Income (Profit): $24,350
CAP Rate: 22.01%

 Message

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