21% Cash-on-Cash Off Market Opportunity in Columbus, Oh.

[Brandon Sturgill]

FULL PROPERTY REPORT HERE

N. Huron is a 2,480 sq. ft. duplex located adjacent to the desirable Westgate Neighborhood. Each side is a 3BR 1.5BA with full basement. Current occupancy is 100% with long-term tenants paying $700 per side. The current opportunity is to acquire this property prior to listing in approximately 2-weeks. Hypothetical Insight is seeking early interest in acquiring at a substantial discount off of list price, which will be $115,000. This is a stable cash-flowing asset with verified comparable sales that put this as a good buy closer to the $100,000 price point. Market rents for 3BR units are closer to the $800/mo. price point, so there is a significant upside here. Using a leveraged acquisition at 75%LTV shows a 21% Cash-on-Cash return when rents approach market rate.

Questions to [email protected]  

[Robert Ellis]

Originally posted by @Brandon Sturgill:

FULL PROPERTY REPORT HERE

N. Huron is a 2,480 sq. ft. duplex located adjacent to the desirable Westgate Neighborhood. Each side is a 3BR 1.5BA with full basement. Current occupancy is 100% with long-term tenants paying $700 per side. The current opportunity is to acquire this property prior to listing in approximately 2-weeks. Hypothetical Insight is seeking early interest in acquiring at a substantial discount off of list price, which will be $115,000. This is a stable cash-flowing asset with verified comparable sales that put this as a good buy closer to the $100,000 price point. Market rents for 3BR units are closer to the $800/mo. price point, so there is a significant upside here. Using a leveraged acquisition at 75%LTV shows a 21% Cash-on-Cash return when rents approach market rate.

Questions to [email protected]  

 Quick stats for potential buyers on this property:

43 doubles sold in 43204 in last 365 days. 

Average price of those 43 doubles is $58,141.47. 

Only 2 doubles sold above 100k (110k and 110k). 

Feel free to email us and we can send you all of the market data for this area.