899 SOM CENTER RD

MAYFIELD, OH 44143
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4 bd, 2 ba | 1,725 sqft | Built in 1927

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List Price
$269,900

Initial Investment

$73,548

Purchase Price

$269,900

Down Payment

25%

Rent

$1,550

Total Return

$77,758

Annualized Return

14.2%

Cap Rate

3.7%

Gross Yield

6.9%

Cash Flow

-$5,518

Appreciation

7.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to 899 SOM Center Road, a charming colonial home in Mayfield. Boasting 4 bedrooms and 1.5 bathrooms, 1700+ square feet of living space, this residence exudes classic charm with crystal doorknobs, built-ins, and gleaming hardwood floors throughout. Step into the enclosed front porch leading you into the inviting living room, featuring leaded glass cabinets, a brick fireplace, and elegant French doors opening to the formal dining room. Adjacent to the dining room is a well-appointed kitchen with a full suite of appliances, ample cabinetry, and a quaint breakfast nook. The main level also hosts a bedroom and a half bathroom. Upstairs, the primary bedroom features a walk-in closet, complemented by three generously-sized bedrooms and a full bathroom. Additional built-in linen cabinets provide practical storage on the upper level. The full basement offers laundry hookups and extra storage space. Outside, a detached 3-car garage ready with electrical charging station hookups, was rebuilt in 2021, and a stone patio await. Conveniently situated near major highways and shopping amenities, this home offers both comfort and style.

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

Annual Financial Highlights

Expected Rent

$17,670

Expenses

-$3,145

Property Taxes

-$5,370

Loan Payments

-$14,673

Net Cash Flow

-$5,518

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:Terry Young
Agent License 237938
Keller Williams Greater Metropolitan
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5101825
Last Updated: 02/25/2025 17:02
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