Rehab Special Fixer Upper Near Merion Village $8,000 ~ 18% return!

Property Description

Address: 561 Mithoff St, Columbus, OH 43206
3 bed 1 bath.
7 rooms total
basement
1512 livable sq. ft
Built in 1918

-Sits outside of Merion Village area on east side of parsons
-rent 600 to 700 per month
-top sale in area over 100k on the eastside of parsons

Acquisition Analysis

Purchase & Rehab = $35,366
Gross Income Monthly = $650
Gross Income Annually = $7,800
Annual Expenses = $1409
NOI (Annual Net Operating Income) = $6391
Cap Rate = (Annual Return on Investment) = 18%

ARV = $70,000  Comparable Sales = http://www.zillow.com/homes/comps/33826548_zpid/

Property Card  Here

Rehab Scope of Work – Plumbing, Fix Broken Window, Bathroom, Kitchen, Carpet, Paint, Minor Dry Wall repair, furnace, HVAC,  Electric Box and Wiring. See Scope of Work Here

Viewing Instructions: Drive by or call for appointment for interior access.

Terms: Cash or Hard Money

Important Information: The $8K is net to seller

Carl Medley
Prive Investments LLC
614-934-7499