Immediate monthly cash flow from this tenant occupied rental home. Four bedroom brick cape cod. Rented for $500 monthly to a long-term tenant receiving housing assistance from the YWCA.
All utilities paid for by the tenant. Very low maintenance home that just passed the annual inspection.
Priced well below the ta assessment of over $50,000.
Listing Price: $29,500
Buyer’s Acquisition Service Fee: $2,000 to RWP Global Inc.
Other Services (optional)
1) Ohio Company Set Up and Registration
2) Renovation Project Management
3) U.S. Bank Account Set Up
Property Summary
- Bedrooms: 4
- Bathrooms: 1
- Square Feet: 2,100
- Year Built: 1946
- Lot Size: 0.189 Acres
- Renovation Required: None
Description
Area: OK, Low Crime Rate
School District: OK
Property Size: Very Large (2,100 sq.ft), larger than most properties in the area.
Tenancy: Tenanted at moment
Current Rent: $500 a month (below market rent)
Market Rent: $650 a month
Condition: Updated and renovated in 2013
Insurance: Approx. $400 a Year
Tax: $1,100 a Year
*Tax is higher as the assessed value is at $50,000.
Likely Strategy:
i) Keep the tenant for a long term – this is a long term stable Section 8 tenant
or
ii) Keep the tenant until lease expires later this year and re-let to other tenants at market rate.
Street View Link:
Nearby Property Comparison:
| 712 E Philadelphia Ave, Youngstown OH | 0.31 | Single-Family Home | $23,400 | 04/16/14 | 2 | 1 | 1,494 |
| 1335 Douglas Ave, Youngstown OH | 0.31 | Single-Family Home | $32,300 | 05/28/14 | 3 | 1 | 1,332 |
| 857 Roxbury Ave, Youngstown OH | 0.45 | Single-Family Home | $30,000 | 10/18/13 | 3 | 1 | 912 |
| 359 E Lucius Ave, Youngstown OH | 0.62 | Single-Family Home | $30,000 | 11/26/13 | 3 | 1.5 | 1,680 |
| 173 Wychwood Ln, Youngstown OH | 1.39 | Single-Family Home | $23,800 | 11/27/13 | 2 | 1 | 1,144 |
| 3104 Idlewood Ave, Youngstown OH | 1.52 | Single-Family Home | $25,000 | 05/06/14 | 3 | 1.5 | 1,768 |
