1147 Ostrander Rd

Ostrander, OH 43061
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2 bd, 1 ba | 910 sqft | Built in 1973

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List Price
$169,000

Initial Investment

$46,053

Purchase Price

$169,000

Down Payment

25%

Rent

$2,340

Total Return

$125,408

Annualized Return

36.1%

Cap Rate

10.8%

Gross Yield

16.6%

Cash Flow

$7,958

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Looking to build or affordable housing than this is it.. This 1.29 acre parcel currently has a 1973 Victorian mobile home on it that needs a little TLC or remove the mobile home and build your dream home on the lot that already has a septic system, electric on site, driveway and a large 40' x 40' garage. Delco water installed in October 2024. Well is still on site and could be used for outside watering but seller makes no warranties on well. Current lease runs through March 14, 2025. 24 HOUR notice to show, tenants are older an may be at showing but will try and leave, one is on oxygen.

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NEIGHBORHOOD

SCHOOLS

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Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644

Annual Financial Highlights

Expected Rent

$26,676

Expenses

-$6,780

Property Taxes

-$2,750

Loan Payments

-$9,188

Net Cash Flow

$7,958

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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Similar Listings



Listing Courtesy of:Douglas Price
Agent License 387275
Price Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224041236
Last Updated: 11/22/2024 13:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.