$47,600 EMV

2 Beds   2 Baths   1,760 Sq. Ft.   Multi-Family
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Highland Ave
Cincinnati, OH 45216


This Multi-Family Preforeclosure is located at Highland Ave, Cincinnati, OH 45216. It has 2 Beds, 2 Baths , 1,760 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $47,600
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Status: Active
Listing ID: 58103225

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Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.


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Rental Value

The estimated rental value for Highland Ave located in Cincinnati, OH is $640/month. Comparable homes around Highland Ave that are rentals have monthly ranges starting as low as $541 per month and as high as $740 per month. An owner looking to use this property as an investment could bring a return in the area of $541 - $740 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Cincinnati, OH
Home Inspectors
National Property Inspections
Terry Haynie
The Ohio Home Inspections Company
Kevin M. Leonard
1st Inspection Services
Richard McKenzie
Taylor Made Inspections
J. Michael Condon
SAFEGUARD Building Inspections LLC
Andrew C Seeger
Homes On This Street
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Highland Ave
Cincinnati, OH 45216

2 Beds   2 Baths   1,760 sq. ft.   Multi-Family

$47,600 EMV

Status: Active Listing ID: 58103225

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