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$215,000

Under Contract
130-132 S Richardson Ave Unit, Columbus, OH 43204
6 Beds
0 Baths
0 Square Feet
0.15 Acres Lot
Built in 1917
Under Contract
2 Units
Checked: 12 hours ago
Updated: Sep 03, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$316
Cap Rate
3.9%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Property Description


0.15 Acres Lot
Built in 1917
Under Contract
2 Units

Solid cash-flowing duplex featuring 3 bed / 1 bath units per side, fully occupied and bringing in $2,400/month in gross rental income. With a 10.2% cap rate and tenants paying all utilities, this is a turn-key investment offering dependable returns in the Columbus market. Reported Net Operating Income: $21,948 Annual taxes: $2,350 Insurance: $1,622 10% maintenance reserve: $2,880 Units are in good condition and currently leased at $1,200/month each. Low owner expenses and consistent income make this an ideal buy-and-hold asset with long-term upside!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Basement: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 010030945
  • Lot Size: 6534 sqft

Property Information

  • Property Type: Duplex
  • Year Built: 1917

Tax Information

  • Annual Tax: $2,350

Location

  • County: Franklin

Listing Details


Listed by:
Jaime Barlow
Sell For One Percent
(614) 493-8541

Source:
Columbus and Central Ohio Regional MLS
MLS#: 225029319
Columbus and Central Ohio Regional MLS

Investment Summary


Monthly Cash Flow
-$316
Cap Rate
3.9%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Purchase Details

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Purchase price:
$215,000
Amount financed:
-$172,000
Down payment:
$43,000
Closing costs:
$6,450
Rehab costs:
$0
Initial cash invested:
$49,450
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$172,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,017
Property tax:
$196
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,304

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$196-$2,350
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$521-$6,250

Cash Flow


Monthly Yearly
Net operating income:
$701 $8,412
Mortgage payments:
-$1,017 -$12,204
Cash flow:
-$316 -$3,792