$615,000
3675 Cleveland Ave, Columbus, MO 43224
Current Rent **
$6,500
Projected Rent **
$6,640
๐ (๐๐ผ๐น๐๐บ๐ฏ๐๐, ๐ข๐) ๐ ๐ด ๐จ๐ป๐ถ๐ ๐๐ฝ๐ฎ๐ฟ๐๐บ๐ฒ๐ป๐ ๐๐๐ถ๐น๐ฑ๐ถ๐ป๐ด ๐ ๐ญ๐ฌ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ | ๐ฆ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ฒ๐น๐ ๐ ๐ฒ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐
ARV: $740,976
Current Rent: $6,500/month
Potential Rent: $6,640/month
DETAILS
Unit Mix: Eight 1BR/1 Bath Unit
Occupancy: 100% Occupied
Taxes: $6,787
Insurance: $3,000
Building Square Footage: 2,304 Sq Ft
Utilities: Tenants pay for all utilities except for water and sewer.
Lot Size: 10,204 Sq Ft
Year Built: 1960
Neighborhood: North Linden
Units: 8
Current Rents: $795-$830/Unit.
Market Rents: $830/Unit
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Pro Forma Cash on Cash Return: 8.57% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
3675 Cleveland Ave, Columbus, MO 43224
Report Abuse
* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!