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Sold about 1 month ago

$75,000

4 bd 2 ba 2144 sqft

311 Center St, Findlay, OH 45840

Residential Duplex Occupied Off MLS

Current Rent **

$950

Projected Rent **

$3,036

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $500
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 2144 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $450
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

(๐—™๐—ถ๐—ป๐—ฑ๐—น๐—ฎ๐˜†, ๐—ข๐—›) ๐Ÿ‰ ๐——๐˜‚๐—ฝ๐—น๐—ฒ๐˜… ๐Ÿ‰ ๐Ÿญ๐Ÿฌ๐Ÿฌ% ๐—ข๐—ฐ๐—ฐ๐˜‚๐—ฝ๐—ถ๐—ฒ๐—ฑ | ๐—ฆ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ฒ๐—น๐—ฒ๐˜† ๐— ๐—ฒ๐˜๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐Ÿ‰

ARV: $121,493

Actual Rent: $950/month

Potential Rent: $3,036/month

DETAILS

Unit Mix: Two 2BR/1 Bath Unit

Occupancy: 100% Occupied

Taxes: $2,326

Insurance: $194

Utilities: Tenants pay for all utilities.

Building Square Footage: 2,144 Sq Ft

Lot Size: 10,001 Sq Ft

Year Built: 1900

Units: 2

Current Rents: $450-$500/Unit

Market Rents: $1,518/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 CAP Rate: 33.20% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

311 Center St, Findlay, OH 45840

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* 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.