974 Davis Ave

Newark, OH 43055
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3 bd, 2 ba | 1,374 sqft | Built in 1950

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List Price
$269,000

Initial Investment

$73,303

Purchase Price

$269,000

Down Payment

25%

Rent

$1,500

Total Return

$138,249

Annualized Return

22.7%

Cap Rate

4.6%

Gross Yield

6.7%

Cash Flow

-$3,018

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,710

HOA

None

Flood Risk

Not Required

Beautiful Cape Cod home in a great neighborhood. This well maintained home has beautiful landscaping with a fenced-in yard, potting shed, covered front porch, back deck, and a 1 car oversized detached garage. Inside you find a very well maintained home with many updates such as refinished hardwood floors and fresh paint (2023), new hot water tank (2022), additional insulation in walls and attic, new bathroom vent (2021), new furnace (2020), and new shingled roof on house and garage (2014). There is plenty of living space in this home with a large living room and dining room on the main level, additional rec room and full bath on the lower level, and additional room on the upper level that could be used as a bedroom or flex space for an office.

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

$17,100

Expenses

-$3,044

Property Taxes

-$2,450

Loan Payments

-$14,624

Net Cash Flow

-$3,018

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

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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:Scott Van Horn
Howard Hanna Real Estate Svcs
Certified Agent Brokerage:Brandon Goldsmith
Reaf Company LLC
OH Brokerage License 2019001580
SourceColumbus and Central Ohio Regional MLS
MLS #224042134
Last Updated: 12/05/2024 00:12
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