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Updated almost 3 years ago,

User Stats

26
Posts
16
Votes
Katie Bustos
16
Votes |
26
Posts

Analyze this deal in Columbus

Katie Bustos
Posted

I’m looking at This property in Columbus and would love feedback. I had a real estate agent walk the house and she estimated that there's ~$2k of cosmetic work to be done. It's marketed as a 3 bedroom but realistically it's more like a 2 bedroom since the bonus room is through the masters. The basement is unfinished but there's the opportunity to add an additional 10x12' room there. Should be able to get $1,500 for rent. CoC ROI 5.59% purchase cap 6.35%.

Does this seem like a good property for long term hold?

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