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.
Questions to [email protected]
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Broker Ohio (#2021007233)
- 614-379-2017
- https://www.realizepm.com/
Originally posted by @Brandon Sturgill: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.
Please note that @Robert Ellis is not affiliated with my business and appears to be uncertain on the concept of the marketplace. He looks to be a typical real estate agent to me...
Robert, your stats are irrelevant, sorry. If you would have taken the time to look at the link, you will see unbiased and transparent quantifiable information from reputable sources like Core Logic and RPR. Please educate yourself before submitting erroneous information on a deal marketing platform.
-
Broker Ohio (#2021007233)
- 614-379-2017
- https://www.realizepm.com/
Originally posted by @Brandon Sturgill:
Please note that @Robert Ellis is not affiliated with my business and appears to be uncertain on the concept of the marketplace. He looks to be a typical real estate agent to me...
Robert, your stats are irrelevant, sorry. If you would have taken the time to look at the link, you will see unbiased and transparent quantifiable information from reputable sources like Core Logic and RPR. Please educate yourself before submitting erroneous information on a deal marketing platform.
Hi Brandon I can send them to you if you want. All come from what appraisers use and real estate agents called the Central OH Multiple Listing Service.