$495,000
16 & 18 Victory Dr, Hamilton, OH 45013
Current Rent **
$4,425
Projected Rent **
$6,384
(๐๐ฎ๐บ๐ถ๐น๐๐ผ๐ป, ๐ข๐) ๐ ๐ด ๐จ๐ป๐ถ๐๐ | ๐ง๐๐ผ ๐ฆ๐ถ๐ฑ๐ฒ-๐๐-๐ฆ๐ถ๐ฑ๐ฒ ๐ค๐๐ฎ๐ฑ๐ฝ๐น๐ฒ๐ ๐ฒ๐ | ๐ด๐ด% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ
ARV: $529,666
Actual Rent: $4,425/month
Potential Rent: $6,384/month
Unit Mix: Eight 1 Bed/1 Bath Unit
Occupancy: 88% Occupied
Current Rents: $325-$750/Unit. One unit is vacant.
Market Rents: $798/Unit
Taxes: $5,538
Insurance: $2,500
Utilities: Tenants pay for all utilities except for water and sewer.
Building Square Footage:
16 Victory Dr - 3,658 Sq Ft
18 Victory Dr - 3,648 Sq Ft
Lot Size:
16 Victory Dr - 0.35 Acre
18 Victory Dr - 9,705 Sq Ft
Year Built: 1944
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Cap Rate (Pro Forma): 11.45% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
Location:
16 & 18 Victory Dr, Hamilton, OH 45013
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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