Turnkey, Rented, Hyde Park Cincinnati, $1395 month, $35k equity
We've owned this house for 15 years, it was our first investment property and we have moved on to apartment buildings, so selling this.
Property is an awesome Cape Cod located in one of the most desirable neighborhoods of Cincinnati...Hyde Park. The house is always rented and is blocks from everything popular. Typical renters are first timers out of college who have great jobs or couples without families yet.
House is located at the end of a cul de sac and very quiet with lots of shade. House was just started with new renters on a one year lease.
House features:
- Hardwood floors throughout, freshly redone
- Rookwood fireplace
- Freshly painted
- Awesome clawfoot tub
- Large front porch
- Full basement that could easily be turned into another room
- New HVAC
- New washer/dryers
- Huge walk-in closet in master
- Stainless appliances, fridge, stove, microwave, sink
- Tiled kitchen
- Newer roof
- Freshly landscaped
The houses in this area, next door and behind this one that are exactly the same go for $205k+ so when purchasing this house, you would have easily $40k in equity right off the bat. Based upon the condition of the house and the numbers, this property is an excellent deal.
Cashflow based upon loan of $169k would be $500-600 a month.
Tenants pay all utilities.
Taxes yearly $2400
Insurance $600 year
If needed, we could easily manage the property for you so you wouldn't have to find someone here.