820 Stambaugh Ave

Columbus, OH 43207
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3 bd, 1 ba | 1,440 sqft | Built in 1954

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List Price
$199,900

Initial Investment

$54,473

Purchase Price

$199,900

Down Payment

25%

Rent

$1,570

Total Return

$146,194

Annualized Return

30.0%

Cap Rate

5.8%

Gross Yield

9.4%

Cash Flow

$19

Appreciation

11.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,641

HOA

None

Flood Risk

Not Required

Welcome to 820 Stambaugh, situated on over a half acre of land- this beautiful home gives ''country vibes'' right in the heart of Columbus! Step into a beautiful focal point brick archway before exploring your fully renovated home; the first floor features luxury vinyl flooring, fresh paint, new light fixtures and a brand new kitchen with new cabinets, stainless appliances and butcher block counters! The first floor also offers laundry, an exceptional primary suite with all new bathroom, and a bonus room to be used as a 4th bedroom or office! Upstairs, 2 more bedrooms with new carpet & paint await. Outside, enjoy the yard of your dreams- plenty of open space + private trees throughout! Off street parking, a 1 car garage and huge storage shed! Bonus: vinyl siding, vinyl windows and new AC!

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

Annual Financial Highlights

Expected Rent

$17,898

Expenses

-$3,262

Property Taxes

-$3,750

Loan Payments

-$10,868

Net Cash Flow

$19

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:Bradley Clarizio
Red 1 Realty
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224025783
Last Updated: 07/25/2024 18:07
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