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Archived over 1 year ago

$80,000

2 bd 1 ba

3913 West Liberty Street, Cincinnati, OH 45205

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$800

Projected Rent **

$950

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Very High

Turnkey Cashflowing Rental

This listing is for a turnkey cash flowing rental in Cincinnati, Zillow estimate $98K-$110K

Long term tenants (over 7 years), rent raised beginning of this year from 750 to 800/month.

Currently on month- month only because I haven't asked them to sign a lease, they would if asked.

Tenants pay water/utilities. Some gutter / plumbing / interior wall work needs to be done, contractor estimates around $5K total.

Selling because I would like to pay off some debt and I didn't pursue real estate investing like I thought I would.

The property managers I use right now were previous owners and know the property inside and out, I'm sure would be willing to continue managing.

Location:

3913 West Liberty Street, Cincinnati, OH 45205

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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.