Cute little 2 bedroom ranch. Includes 2 parcels at 3/10 acre, total. Updated electrical; Newer HWT; Newer windows; Furnace approx. 10 yrs. ; Roof approx. 7 yrs. ; and Replumbed from street to house. Property had been rented to the same Tenants for 12 years. Outbuilding approx. 8' x 10'. Includes Frig and Range. Prevailing rents in Conneaut for a 2 bedroom at $725 Median and $768 at 75th percentile. $725 x 12 months less taxes ($891), Est Ins ($750), Est Water/Sewer ($600), Est Maintenance at 10% = $5,589 Cash Flow Annually $5,589/Monthly $466. THIS IS AN 11.2% RETURN ON INVESTMENT.
2 bedrooms, 1.0 bath property
built on an 0.30 acre lot
and having a living area of 630 sqft
home comes within an USDA eligible zone
. You can qualify for a ZERO down mortgage on this house. Fill in the application form to talk to a USDA loan expert.
Note 1 : A physical inspection of the house at 326 Fifield Ave, Conneaut, OH 44030 is still required make sure that this property follows other USDA guidelines in order to qualify for a USDA home loan.
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