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SUBJECT-TO CASH FLOW OPPORTUNITY in Cambridge, OH

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SUBJECT-TO CASH FLOW OPPORTUNITY in Cambridge, OH

Guernsey County, Cambridge, OH

$321,650
3
Bedrooms
3
Bathrooms
$1,584/mo
Monthly
OF
Owner Finance

Financing Details

Down Payment
$44,881
Monthly Payment
$1,584
Financing Type
Owner Finance
Credit Check
None Required

About This Property

Take Over Existing 5.875% Financing with Strong Rental Potential Here's an opportunity to acquire a 3-bedroom, 2.5-bath single-family ranch in Cambridge, Ohio Subject-To the existing financing. The property offers approximately 2,226 total finished square feet, including a finished walk-out basement, making it an excellent long-term rental or buy-and-hold investment. With an estimated Contact for details/month rental income, existing financing at 5.875%, and a relatively low cash down payment compared to purchasing with new financing, this property offers multiple exit strategies for investors. SUBJECT-TO TERMS Existing Loan Balance: ~Contact for details Interest Rate: 5.875% Existing Mortgage Payment: ~Contact for details/month Contact for details Estimated Mortgage Reinstatement: ~Contact for details Estimated Total Cash down payment: ~Contact for details Current loan balance, reinstatement amount, and payment should be verified prior to closing. RENTAL Estimated Long-Term Rent: ~Contact for details/month Existing Mortgage Payment: ~Contact for details/month Estimated Gross Monthly Spread: ~$815/month Estimated Gross Annual Spread: ~Contact for details/year Estimated Gross Cash-on-Cash Return Based on an estimated Contact for details total cash investment and an estimated Contact for details annual gross before operating expenses, the projected gross cash-on-cash return is approximately 28%. Cash-on-cash return is based on gross income and does not account for vacancy, maintenance, capital expenditures, property management, taxes, insurance (if not escrowed), utilities, or other operating expenses. Buyers should complete their own underwriting. PROPERTY FEATURES 3 Bedrooms 2 Full Bathrooms + 1 Half Bathroom Approx. 2,226 Finished Square Feet Finished Walk-Out Basement Central Air Conditioning Forced-Air Gas Heat Hardwood Floors Fireplace Updated Kitchen with Quartz Countertops Wrap-Around Porch Built in 1953 No HOA PROPERTY CONDITION Property is being sold AS-IS. Seller has disclosed a small roof leak. Seller will not make any repairs. Buyer is responsible for conducting their own inspections and determining the extent and cost of any repairs. RECENT SOLD COMPARABLE SALES 1707 Scott Ave, Cambridge, OH 3 Bed / 2 Bath 1,360 SF Sold for Contact for details 17 Grandview Rd, Cambridge, OH 3 Bed / 2 Bath 1,440 SF Sold for Contact for details 64044 Mulberry St, Cambridge, OH 3 Bed / 2 Bath 2,163 SF Sold for $275,000 Additional nearby renovated homes have sold between Contact for details and $275,000, indicating potential upside depending on the buyer's renovation strategy and final property condition. Buyer should independently verify all comparable sales and INVESTMENT HIGHLIGHTS Existing 5.875% financing Estimated Contact for details/month rental potential Estimated 28% gross cash-on-cash return Approximate $815/month gross rent-to-mortgage spread Multiple exit strategies: Long-Term Rental BRRRR Strategy Renovate Hold Renovate Resell CONTACT For additional information, mortgage documents, photos, or to discuss the deal: Call or Text: (678) 990-5376 Property is being sold AS-IS. Buyer is responsible for performing all due diligence and independently verifying loan balance, reinstatement amount, loan terms, payment, taxes, insurance, rental income, occupancy, property condition, repairs, square footage, comparable sales, and all financial information prior to closing.

Listing Source

Source: IL

Posted: August 12, 2026

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