Investment Rental Property in Lorain, OH
Investment Rental Property in Lorain, OH
Overview
- Single Family Home
- 3
- 1
- 1060
Fix and Flip
- $100,000
- $0
- $0
Buy and Hold
- $ 100,000
- $ 1,296
- 15,556% Gross ROI
Description
- Seller Finance Deal
- Entry Costs: $9,500
- Deal Price: $95,000
- Strategic Balloon: Due in 3 years
- Monthly Payment: $512.62
- Currently rented at: $1,000/moÂ
- Market rent: $1369/mo
This beautiful two-story house offers 3 bedrooms and 1 bathroom, spanning 1,060 sqft, and situated on a 4,792 sqft lot. The main floor features a spacious great room, connecting seamlessly to a well-appointed kitchen with contrasting upper and lower cabinets. It comes equipped with a refrigerator, gas range, dishwasher, and microwave, along with access to an outdoor deck. The great room boasts elegant hardwood floors, perfect for formal or informal dining and relaxation.
On the first floor, you'll find a bedroom also adorned with hardwood floors, and a tastefully updated bathroom. Upstairs, two additional bedrooms await, one with access to walk-in attic storage.
The full basement is accessible from the door in the great room, complete with a washer and dryer that will remain. The basement features a workshop area, a cool storage room, and ample space for exercise, play, or storage. This well-maintained home also includes replacement windows and vinyl siding, adding to its charm and practicality.
Address
- City Lorain
- State/county OH
- Zip/Postal Code 44055
- Area Lorain OH
- Country United States
Details
Updated on January 08, 2024 at 04:58 pm- Property ID: 2056
- Price: $ 100,000
- Property Size: 1060 Sq Ft
- Bedrooms: 3
- Bathrooms: 1
- Year Built: ----
- Property Type: Single Family Home
- Property Status: For Sale
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