2730 S JEFFERSON BLVD

LORAIN, OH 44052
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5 bd, 2 ba | 1,984 sqft | Built in 1949

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List Price
$219,900

Initial Investment

$59,923

Purchase Price

$219,900

Down Payment

25%

Rent

$1,250

Total Return

$61,627

Annualized Return

13.9%

Cap Rate

3.8%

Gross Yield

6.8%

Cash Flow

-$4,241

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,712

HOA

None

Flood Risk

Not Required

Welcome home! This 5 bedroom home in a quiet neighborhood has been fully renovated and will not disappoint! The main floor is spacious and bright, with refinished hardwood floors and a cozy fireplace. The kitchen is lovely with butcher block countertops, LVT flooring, plenty of cabinet space and new appliances. The main floor has a large addition that makes a perfect first floor bedroom, home office, or even a family room. Upstairs you will find a beautiful bathroom with new LVT flooring and new fixtures. There are 3 bedrooms on the second floor and a 4th bedroom in the finished attic. Step outside and you will find a large, fenced backyard with a covered patio attached to a fantastic garage. There is room for any of your car or wood working hobbies, and as an added bonus there is a second floor in the garage for optimal storage. Some of the many updates include: a new roof, new siding, new central air, new hot water tank, new electric panel and wiring, refinished hardwood floors, new carpet, and so much more!

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

Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$2,536

Property Taxes

-$4,000

Loan Payments

-$11,955

Net Cash Flow

-$4,241

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:Christina Coughlin
Agent License 2015001882
Russell Real Estate Services
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5101647
Last Updated: 02/21/2025 12:02
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