16443 Pleasant Ridge Rd
Laurelville, OH 43135
List Price
$399,000
Initial Investment
$108,728Purchase Price
$399,000
Down Payment
25%
Rent
$750
Total Return
$97,609
Annualized Return
11.0%
Cap Rate
0.9%
Gross Yield
2.3%
Cash Flow
-$18,594
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
86,837
HOA
None
Flood Risk
Not Required
Great turnkey short-term rental opportunity for investors in the Hocking HIlls. 2023 Gross revenue $55,862. Showings to be scheduled around guests. Please do not drive by and disturb guests. Detached drive thru pole barn can be used as a garage or storage with electricity and heating already existing. The 24x40 outbuilding has concrete flooring with a loft space that is partially finished and could be used for entertainment purposes. Plenty of opportunities to add features to increase the rental income. Improvements include gutting and remodeling first floor bathroom and kitchen. Owner is a licensed real estate agent in the state of Ohio.
See more in Analysis
Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644
Annual Financial Highlights
Expected Rent
$8,550Expenses
-$1,522Property Taxes
-$3,930Loan Payments
-$21,692Net Cash Flow
-$18,594See 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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SourceColumbus and Central Ohio Regional MLS
MLS #224025710
Last Updated: 07/25/2024 14:07
MLS #224025710
Last Updated: 07/25/2024 14:07