1842 Riverdale Rd

Columbus, OH 43232
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4 bd, 2 ba | 2,355 sqft | Built in 1963

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List Price
$324,900

Initial Investment

$88,535

Purchase Price

$324,900

Down Payment

25%

Rent

$2,100

Total Return

$169,627

Annualized Return

22.9%

Cap Rate

4.6%

Gross Yield

7.8%

Cash Flow

-$3,835

Appreciation

9.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,802

HOA

None

Flood Risk

Not Required

This completely renovated, gorgeous home checks all the boxes! 4 levels of ample, finished living space boasts all the latest design trends. On the first floor you'll find a huge finished room that could be a possible 5th bedroom/in-law/teen suite with access to a full bath and exterior door. With all new windows, paint, flooring, kitchen and baths, this home is ready for you to simply move in and enjoy! Enjoy entertaining on the back deck with fenced in yard. This home is a true gem and won't last long!

See more in Analysis
Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644

Annual Financial Highlights

Expected Rent

$23,940

Expenses

-$4,261

Property Taxes

-$5,850

Loan Payments

-$17,663

Net Cash Flow

-$3,835

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:Brian Kelly
RE/MAX Connection, Realtors
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224026040
Last Updated: 07/27/2024 13:07
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