21% Cash-on-Cash Off Market Opportunity in Columbus, Oh.
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.
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Broker Ohio (#2021007233)
- 614-379-2017
- https://www.realizepm.com/