Attention Investors… Add to your rental portfolio or start your investing journey with this spectacular 4 bed/1.5 bath home on Franklin – one of the most popular locations for Ohio University students! Walking distance to campus, restaurants, shopping, and Court Street! 127 Franklin even has off-street parking!! Large driveway to accommodate multiple vehicles. Spectacular views from the 2nd floor balcony and private fenced in back yard patio area!

Given comparable rentals in the area, the Gross Potential Income (GPI) averages $1,807 /month ($21,684 annually). This results in an annualized Net Operating Income (NOI) of $16,767. At a purchase of $219,000, this results in a Free and Clear rate of Return (AKA Cap Rate) = 7.66%. Not to mention all of the benefits that come with owning rental property (e.g. Tax deductibility, Capital Appreciation, Rental Income, Inflation hedge, etc.) There is upside to increase the income potential and to increase Return on Investment!

This home would also be perfect as owner-occupied! It’s affordable, in a desirable location that’s walking distance to all the best amenities in Athens, and has future potential to use as a rental.