Analysis: 1. Location: B, not a bad area, the area is quite peaceful and low crime
2. Neighborhood: Leafy suburban, most properties in this area is well maintained
3. Configuration: Good layout, spacious space and basement is also usable space, good garags eize
4. Rentability: $600 to $750 per month is the market rate here, this property is currently rented until March 2016.
Special Comments: Repairs were completed in 2012-2014 period, currently cashflowing until March 2016 at $625 a month.
Special Notes: Sealed and painted basement which is really good for water proofing.
Location: C (Older areas of Westside)
Neighborhood: C, not bad, low crime, but generally lower end area
Property Condition: B, despite of its age, it is well maintained inside and outside.
Configuration: B, not bad, spacious, rooms are well organized.
Special Notes: One of exterior walls has a small dent, and should be replaced, a lot of updates inside, tenant seems to be maintaining this property well.
This is a larger property on W Wilson Street in Struthers.
Size: 1,326 sq.ft
Bedrooms: 3
Bathroom: 1+ 1 (basement)
Year Built: 1957
Location: A (Struthers)
Layout: B (3 bedrooms only)
Rentability: A (Good schools)
Neighborhood: B+ (Very clean)
Possible Rental Range: $650 to $750 per month
Special Notes: Siding needs replacement, trees need to be removed, garage needs new siding, there is one room in basement under front porch which has a lot of humidity and will need to address the mold issue, the basement size is reasonably big, yards needs to be cleaned.
Homepath property, not available for investors in first 20 days of listing.
1152 sq.ft.
Bedrooms: 3
Bathrooms: 1
Garage: 2, datached
Location: A (Struthers)
Price: B (Been on market for long term, negotiable)
Property Condition: B (Roof is good, windows are good)
Neighborhood: A
Configuration: B+, 3 bedrooms, 2 bathrooms
Special Notes: Basement walls need to be removed, there are molds in basement, mold remediation is required, while not at a good condition due to mold issues, this is property that has a lot of upside potential for risk takers. The mold issue is a clearly a concern, as it does spread out to entire basement, it is best to remove the walls and strip them to just bricks, then apply mold remediation and also install a dehumidifier in the basement to make sure humidity level is always maintained.
Possible Rent: $650 to $750 range
