All Forum Posts by: Ron Jiron

Double For Sale - Fix & Flip or Fix, & Hold Investment Property

Each Unit: 3bed/1ba/1020sqft Average Area Rents: $662 (Rent-O-Meter)

Sale Price: $21,500 obo      ARV: $65,000 to $69,000 (Attached Report-Comps)

Rehab Cost: $19,000 (appx) ($1500 added to attached rehab breakdown, to Beam one Basement Wall (Precautionary)) ARV: $65K - $69K

After Expense Cap Rate of 0.23 (Based on Purchase, Rehab, $600.00 per month Rent per side, Factoring Taxes & Expenses

See Attached Property Report  - Including Rehab Report, Pictures, Comps

This property will pay for itself in a little over 4 years after purchase and repair costs, factoring annual taxes and expenses.

Contact Ron for more details, or to schedule a walk-through of this property.

(614)768-3176 o   /   (951)400-5976   /   [email protected]

Off Market Double Available For Immediate Sale - Fix & Flip or Buy & Hold

Each Unit: 3bed/1ba/1120sqft Average Area Rents: $662 (Rent-O-Meter)

Sale Price: $28,000 obo Rehab Cost: $19,000 (appx) ARV: $73,000

After Expense Cap Rate of 0.20 (Based on $600.00 per month Rent per side)

For a Property Report, Including Pictures, Comps, Rehab Report

 Call Ron (951)400-5976 c / [email protected]

Cash Flowing Property For Sale

Legal Description: 1262 E. 20th Ave, Columbus, OH 43211

2 Corner Properties (As Listed Above) Sale Price: $66,000 Great Cap Rate

***20th Ave – 3bd(3rd bdrm attached to master bdrm/1ba/1100sqft/Full Basement

Recently Rehabbed – $5,000 in Cosmetic Rehab Work plus New Roof / Currently Rented ($550 per mo)

***1817-1819 Cleveland Ave: (Duplex part of 1262 E. 20th Ave. Property)

1817side is 1bd/1ba/2story/Full Basement/Currently Rented ($400 per mo)

1819side is 5bd/1ba/2story/Full Basement/Advertising for Renter - $995

Recently Rehabbed: $35,000 in last 3 years

$1900 per month Cash Flow / After Expense Net Cash Return $13,495 / ***Cap Rate: 0.2044

Annual Expenses & Breakdown: $9,305 per yr., as per Breakdown:

Taxes: $1,745 / Management(10%): $2280, Vacancy Loss(5%): $1,140,

Trash/Maintenance(5%): $1,140, Water & Sewer: $1,200, Insurance: $1,800

This property has been renovated in the last 2-3 years. You could change the 1817-1819 Cleveland Avenue Duplex configuration if desired..

Contact Ron for a Detailed Report, including Comps

(614)768-3176 o      (951)400-5976      [email protected]

Investor Opportunity / Won't Last Long!

Instant Cash Flowing Double For Sale with Renters In Place

Rents: $600 per month each ($1,200 total)

1335-1337 E. 25th Ave, Columbus, OH 43211

Newly Remodeled ('2014): New Furnaces, Water Heaters, Roof, and Interiors

Sale Price: $41,000.00 - After Expense Cap Rate: 0.23 to 0.25

This property will pay for itself quickly (4yrs).

Contact Ron for more details or to schedule a walk through:

(951)400-5976 / [email protected]

To View All our Off Market, Discounted Properties, go to www.AmericaDiscountHomes.com

Off Market Property For Sale: $31,000.00 ARV: $71,000.00 (Call for Comps)

***Average Area Rents:  $450 - $650 per month***

Each Unit: 2 Bed / 1 Bath / 1040sqft / Full Basement

Located in Close Proximity of Children's Hospital

Good Bones / Dry Basement / Corner Lot

Currently Vacant:  Requires Rehab Work

For a Property Report to include Approximate Rehab, Pictures, and Comps)

Contact Ron   (951)400-5976  /  [email protected]  /  wwwAmericaDiscountHomes.com

4Plex For Sale:  $30,000.00

ARV: $95,000

Work Required:  Cosmetic Work (Mostly Interior - $10,000)

Seperate:  Gas, Heater, Furnace, & Water Heater / 

Detatched Garage / Currently Vacant & Winterized

Area Rents:  $500-$650 per unit  -  Potential Cap Rate of 0.40

THIS OPPORTUNITY Potentially pays for itself in 2 & 1/2 years

Located on 4 Lane Highway to enhance Commercial Use for Bottom Units

See all of our Off Market Properties at www.AmericaDiscountHomes.com

Call Ron (951)400-5976 for More Details and Pictures

I’ve attached the original report and a few recent pictures of the Avondale property.

Rents: $350.00 – 1 Bedroom/1bath/700sqft – Recent Lease - March '17

$300.00 – Studio / 700sqft – Exclusive Entrance to Attic 700sqft – Lease - Aug '17

Total Rent: $650 per mo. / Annual Rents - $7,800.00

Total Annual Expenses: $2,506.00

Sale Price: $24,000.00

Cap Rate: 0.22

Contact Ron for more details by emailing or calling

[email protected]   or   951400-5976

Rents: $350.00 – 1 Bedroom/1bath/700sqft – Lease-March'17

$300.00 – Studio / 700sqft – Exclusive Entrance to Attic 700sqft – Leased - Aug'16

Total Rent: $650 per mo. / Annual Rents - $7,800.00

Furnace, HW Heater,

Total Annual Expenses: $2,506.00 

Cap Rate: 0.22   This property will pay for itself in 4+ years

Rent Rolls, Leases, P&L for serious buyers

See all our properties at www.AmericaDiscountHomes.com

Contact Ron for more details at (951)400-5976

 For Sale:  $90,000  obo

4 Units – 2bed/1bath/864sqft per unit/Off Street Parking  /  Property Built in 1964

Long Term Renters:   $1,700 per month combined rent  (Collected Rents Low For Area)

After Tax & Expense Cap Rate: 0.155 (Cap Rate if Self Managed: 0.167

Annual Property Expenses Available:  (2 yr. P&L Statements for Serious Buyers)

Owner Managed: New Roof, Furnaces, Water Heaters – 2012 ***Well Maintained***

Let me know if you'd like more details by calling Ron at (951)400-5976

You can also go to our website at www.AmericaDiscountHomes.com to view details on this and all of the properties that we currently have available.  Thank You

Hi John, One way that I develop relationships with Realtors is to go to the local Zillow properties for sale section.  Start calling on the properties that you'd like to buy at a reasonable price.  Call the number to get contact information to make an offer.  Usually, the people that are listed are Real Estate professionals.  The person is usually a licensed Realtor that knows several investors.  There is where you'll find good contacts and a customer base for deals that you're working.  Happy Hunting!