514 Mount Vernon Ave

Thornville, OH 43076
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2 bd, 1 ba | 2,172 sqft | Built in 1960

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,680

Total Return

$122,468

Annualized Return

23.0%

Cap Rate

5.7%

Gross Yield

8.1%

Cash Flow

-$93

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,801

HOA

None

Flood Risk

Not Required

Lake living in this ranch style home that has a ton of potential! The owners have converted the detached outbuilding/garage into a great space which offers a living room, kitchen, 2 bedrooms and 1 bathroom adding approximately 1,000 sqft of living area. The home offers 1,148 sqft and is waiting to be renovated to exactly your specifications. The home has a covered deck which overlooks the large landscaped and fenced yard. Private well, but city water hookup is available. Easy access to recreational activities like boating or fishing at Buckeye Lake. Dining at Papa Boos, Waterfront and Dirty Oar are just a golf cart ride away. Whether you're looking for a weekend getaway, a quiet place to settle down, or to utilize as a short or long-term rental, this property offers endless possibilities!

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

Annual Financial Highlights

Expected Rent

$19,152

Expenses

-$3,409

Property Taxes

-$2,250

Loan Payments

-$13,586

Net Cash Flow

-$93

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:Glenn Moog
Keller Williams Capital Partners
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224039765
Last Updated: 11/08/2024 16:11
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