All Forum Posts by: Ron Jiron

Cash Flowing Property - Quick Overview

For Sale: $60,000 obo       Cap Rate:  0.1848

Units Rented: Leases Available

Unit 1 - 1 Bed/1Bath - $425 Leased thru February 28, 2017

Unit 2 – 1 Bed/1Bath - $425 Leased thru February 28, 2017

Unit 3 – 2 Bed/1Bath - $550 Leased thru March 31, 2017

Total Annual Rent Collected: $16,800

Annual Expenses & Taxes: $ 5,525

Annual Expense Breakdown: Available Upon Request.

Well Maintained Property: New Flooring, New Electrical Boxes, New Fire Escape, Re-Surfaced Parking Spaces, much more!

To get recent pictures along with more details on this and all of our properties currently for sale, please go to our website at www.AmericaDiscountHomes.com or 

Call Ron (614)768-3176

484-6 S. Champion Ave, Columbus, OH  43205

3 Bedroom, 1 bath, 1358 sqft Per Unit  -  Improved Area Near Children's Hospital

Purchase Price:  $42,000

ARV - $70,000 - $75,000

Current Leased Rental Amount:  $545.00 per side  $1,090.00 total

After Taxes, Insurance, 5% Vacancy, and 8% Management Fees:

$10,000 Annual Return and a cap rate of 0.23

No Immediate Work Required / Both Sides Rehabbed and Leased this Year

Leases and Rent Ledgers Available to Serious Buyer

More Details about this Duplex available at www.AmericaDiscountHomes.com

[email protected]     951-400-5976

273-275 E. Innis Ave., Columbus, OH  43207, Near Marion Village (In Reeb-Hosack)

Price:  $70,000

ARV: $125.000

Sqft:  3816  /  2 each: 3bed/1bath - 2 each: 2bed/1bath  /  Year Built:  1920

Rehab Estimated Cost:  $22,550  (Breakdown Estimate Available Upon Request)

ROI Breakdown: Annual Rents ($800 per month Average): $38,400

                            Annual Taxes:                                             ($1,677.80)

                            Annual Insurance:                                       ($1,080.00)

                           Property Mgmt.(6%)                                    ($2,304.00)

                          Maintenance and Vacancy Allocation (10%)($3,840.00)

Net Annual Income:                                                               $29,498.20 

Estimated Cash Purchase ROI: 31% (Cap Rate: 0.31)

Please View All of our For Sale Properties at www.ColumbusResidentialWholesaling.com

1187 E. Whittier St, Columbus, OH  43206

Price:  $14,000

ARV: $55,000

SQFT:  1488 / Bed:  3 / Bath: 1 / Year Built:  1915

Estimated Rehab Work Required (Breakdown Available):  $13,250

ROI Breakdown:

Annual Rent:  $7,800  /  Annual Taxes:  $800  /  Annual Insurance:  $525  / 

Property Mgt:  6%:  $432  /  Maintance & Vacancy Allocation (10%):   $720

Net Annual Income:  $5,323.00

Estimated Cash Purchase + Rehab Work Required ROI: 19.5%

Sorry, It's hard to tell the tire kickers from the real buyers.  And Ask a lot of questions of potential buyers!  Have a great day and Go Sell A House!

Hi Ray,  I just got started recently as well.  My biggest hurdle has been finding cash buyers for the deals that I find.  Work with off market properties to get the most response.  I've gotten properties under contract and posted them here on bigger pockets.  That will get you some buyer responses.  Putting your properties on the local Craigslist will also get you customers.  It's hare to tell the tire kickers from the real buyers, so when you get responses, as a lot of questions of your potential customers.

All Section 8 Housing / Long Time Renters / Off Market

2424 Alpena Ave., Dayton, OH  45406

1824 Kensington Ave., Dayton, OH  45406

2135 Kipling Ave., Dayton, OH  45406

Total Rents Collected Monthly:  $1,897.00

Annual Income - After Expenses  $10,000+

Properties Well Maintained Per Section 8 Housing Criteria

Financial Reports Available upon Request

Rehab Scope:  7 Year Old Heating / Waterheater / Serviceable Electrical Plumbing

Rehab Work - No Work Required

Contact Information & Properties at www.ColumbusResidentialWholesaling.com

Selling Price:  $77,000 obo

162-164 Columbian Ave, Columbus, OH  43223

Duplex: 2 Units, Each - 3 beds - 1 Bath - 1260sqft

Cash Sale:  $29,000

Rent:  $475 - Long Term Tenant / Other side recently remodeled and Rented - $550

Cap Rate: 0.41

Rehab Scope:  Exterior Paint / Exterior Clean Up    -     $2500

***No Immediate Work Required***

Exit Strategy:  Wholesale

To View Property Pictures at www.ColumbusResidentialWholesaling.com

Property Address:  213-215 Midland Ave, Columbus, OH  43223

Property Characteristics:  Duplex - 3 Bed 1 Bath (Each Side) 2216 sqft, Lot: 5227 sqft

Purchase Price:  $30,000

ARV: $60,000 - $62,000

Rental Amount:  $650 per Side ($1300 Total)

Reno:  $500.00

Cap Rate:  48%

Annualized Return:  45%

Reno Scope:  Handyman Repair Work - Minor - No Work Required At This Time

Property Notes:  Duplex - Currently Occupied (Both Units Month to Month), Roof Good, Newer Windows, Newer Siding, Furnace Serviced - 3 Months Ago, Electrical & Plumbing Inspected and Serviced 3 Months Ago

Current Pictures can be reviewed at www.ColumbusResidentialWholesaling.com

Buy & Hold Opportunity