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PROPERTY OVERVIEW

TurnKey Rental Property in very popular area of Cleveland Heights. Excellent long - term tenants in place.
 
Lots of recent upgrades throughout the property
Don't miss out, reserve now!

 

Comparable sales w/in last 90 days:

$158,000 - 2031 Marlindale, Cleveland Heights
$156,500 - 2013 Hampstead Rd., Cleveland Heights

RENOVATION HIGHLIGHTS

  • Newer Kitchen & Appliances
  • Newer Flooring
  • Crown Molding Throughout   

PROPERTY FEATURES

  • Detached 2-car garage
  • Wood Burning Fireplace
  • Partially Finished Basement
  • Large Yard

INVESTMENT HIGHLIGHTS

  • Buy with Only 20% down
  • Full Management in Place
  • Est. 18% Cash on Cash 
    (based on core financials)
  • See comparable sales above in 'Property Overview'

Projected Year 1 Core Financials

Monthly Rent: $1,150

Gross Annual Income: $13,800

Property Tax: $3,534

Property Mgmt: $1,380

Insurance: $450

Projected NOI: $9,516

Cap Rate: 8.27%

Cash on Cash: 18.67%

 

Direct Price: $115,000

Price w/ Agent: $ 125,000

20% Down: $ 23,000

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.

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