Property Description
Excellent opportunity to acquire a quality brick ranch double at 1310-1320 Quailbend Cr., Kettering, OH 45429. Built in 1977 with approximately 3,304 total sq. ft., this property has enjoyed long-term tenancy and very little turnover.
Both units feature 2 bedrooms, 2 full baths, formal living and dining rooms, family rooms with wood-burning fireplaces, primary bedrooms with private baths and walk-in closets, private patios and attached garages.
2-car garage unit: Currently $1,200/month; estimated market rent approximately $1,500/month.
1-car garage unit: Currently $1,150/month; estimated market rent approximately $1,300/month.
CURRENT INCOME
Current gross rent: $2,350/month
Current annual gross rent: $28,200
ESTIMATED MARKET RENT
Potential gross rent: $2,800/month
Potential annual gross rent: $33,600
This represents approximately $5,400 per year in potential additional gross rental income based upon estimated market rents.
ANNUAL OPERATING EXPENSES
Real Estate Taxes: $5,954
Insurance: $2,316
Management: $2,900
Repairs: $4,205
Exterior/Landscaping Service: $3,600
Materials: $200
Total Reported Operating Expenses: $19,175
The $3,600 exterior/landscaping expense provides year-round property maintenance and includes snow plowing and salting, spring clean-up, new mulch and bed clean-up, trimming, and fall clean-up.
Tenants pay their own water and trash.
Property Details 1310-1312 Quailbend Circle, Kettering, OH 45429
General
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Estimated Monthly Mortgage Calculator
This calculator is provided by Burrow Services, Inc. for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax, or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.