227 OHIO AVE

LOUISVILLE, OH 44641
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2 bd, 2 ba | 1,858 sqft | Built in 1973

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,000

Total Return

$24,913

Annualized Return

7.7%

Cap Rate

4.0%

Gross Yield

6.5%

Cash Flow

-$3,137

Appreciation

4.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,400

HOA

None

Flood Risk

Not Required

Amazing ranch home in the heart of Louisville. This two bedroom, open floor plan home will invite you to stay. The large kitchen with plenty of cabinet and counter space will be the selling point for the home cook. The island doubles as a dining area with enough room for the whole family. Open to the living room, where it would be easy to entertain friends and family or spend a quiet evening with loved ones to watch some TV. Down the hall is the master, a second bedroom and the full bath. The finished downstairs has many possibilities. There is room for a rec room, an office, a play room, media room, or another bedroom if you wish. Endless possibilities. There is also a second full bath. Brand new hot water heater installed 2025. A beautiful built in shelf area is great for storing arts and crafts, books, or whatever your heart desires. The backyard is fenced, perfect to keep the pets and kids safe. There is also a large shed for storage. Make this house one you come to see and call it home.

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$11,400

Expenses

-$2,029

Property Taxes

-$2,450

Loan Payments

-$10,058

Net Cash Flow

-$3,137

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Ann Norton
Agent License 2007000101
Hackenberg Realty Group
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5100361
Last Updated: 02/14/2025 18:02
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