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Archived over 3 years ago

$76,000

4 bd 2 ba 2008 sqft

418 Sychar Rd, Mount Vernon, OH 43050

Residential Duplex Needs Repairs Off MLS

Current Rent **

$1,100

Projected Rent **

$1,500

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: 1004 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $600
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1004 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes

Purchase and Sale Contract Available for Great Duplex (Collect $1500 in monthly rent after Repairs) (ARV $106,424)

For less than the price of most Single-Family Homes, you can have 2 income-producing units! Room for Rent Increases!

Address: 418 Sychar Rd, Mount Vernon, OH, 43050
Property Type: Duplex
Beds: 4 (2 bed on each side)
Baths: 2 (1 bath on each side)
Price: $76,000
ARV: $106,424
Repairs: $13,000 (depends on what you want to do) Can be less if you do your own repairs
Current Rent Unit 1: $500
Current Rent Unit 2: $600
Market Rent Per Unit: $750
Total monthly rent collected now: $1100
Total monthly rent collected at market rent: $1500

Location:

418 Sychar Rd, Mount Vernon, OH 43050

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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.