77 Ramona Ave

Newark, OH 43055
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3 bd, 1 ba | 1,594 sqft | Built in 1965

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List Price
$219,500

Initial Investment

$59,814

Purchase Price

$219,500

Down Payment

25%

Rent

$1,890

Total Return

$139,637

Annualized Return

28.6%

Cap Rate

7.0%

Gross Yield

10.3%

Cash Flow

$2,591

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

BEAUTIFUL THREE BEDROOM HOME ON A QUIET STREET IN NEWARK. HOME FEATURES A LARGE EAT IN KITCHEN WITH NEW APPLIANCES, AND AN ABUNDANCE OF CABINETS, AND COUNTER SPACE. IN ADDITION TO THE LIVING ROOM, THELOWER LEVEL HAS A FAMILY ROOM, AND BONUS ROOM THAT COULD BE A OFFICE OR 4TH BEDROOM. GORGEOUS HARDWOOD FLOORS, DECK, AND ATTACHED GARAGE!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Brandon Goldsmith
Reaf Company LLC
OH Agent License #2020000644

Annual Financial Highlights

Expected Rent

$21,546

Expenses

-$4,122

Property Taxes

-$2,900

Loan Payments

-$11,933

Net Cash Flow

$2,591

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:Johnelle Baker
Coldwell Banker Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224040883
Last Updated: 11/19/2024 19:11
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