$76,000
3 bd | 1.5 ba | 1,200 sqft
Monthly Rent: $950
***10 Lotus Dr, Cleveland, OH, 44128













PROPERTY OVERVIEW
RENOVATION HIGHLIGHTS
- Half bath added to basement
- Large third-floor bedroom
- Exterior repairs and upgrades
PROPERTY FEATURES
- Detached 2-car garage
- Bungalow style property
- Hardwood floors throughout main floor
- Large front yard
- Spacious basement for storage or recreation
INVESTMENT HIGHLIGHTS
- Buy with Only 20% down
- 1 Year Home Warranty w/ APHW
- Full Management in Place
- 9.99% Cap Rate
- Great for new investors
Projected Year 1 Core Financials
Monthly Rent: $950
Gross Annual Income: $11,400
Property Tax: $1,753
Property Mgmt: $1,140
Insurance: $400
Projected NOI: $8,107
Cap Rate: 10.06%
Cash on Cash:
Direct Price: $76,000
Price w/ Agent: $79,000
20% Down: $15,200
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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