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PROPERTY OVERVIEW

Brand New Turnkey Investment Property in One of our Favorites Suburbans Locations. Incredible Cash on Cash Return in a Full Updated Property. ACT FAST as the Property is Now Available to Home Buyers.  Full Property Management Available through a Local and Licensed Company.

Just Remodeled: 3bd, 2ba. Brand New Kitchen & Updated Baths! New Luxury Vinyl Flooring, Paint, & Upgraded Fixtures Give this Property a Bright and Airy Feel. Newer Windows, Spacious Garage & Backyard, along with Fresh Landscaping. All Improvements Done & Ready for a New Long Term Tenant! 



RENOVATION HIGHLIGHTS

  • Brand New Kitchen 
  • Both Bathrooms Entirely Updated
  • New Luxury Vinyl Flooring
  • Fresh Paint & Lighting Fixtures 

 

PROPERTY FEATURES


  • One Block to the Beach of Lake Erie 
  • Private Backyard w/ Patio
  • Spacious Garage 
  • Full Basement

 

INVESTMENT FEATURES


  • 14% + Cash on Cash Return 
  • Rapidly Appreciated Area
  • Ideal Property for Long Term Tenant 

 

Projected Year 1 Core Financials

Estimated Monthly Rent: $1,395

Gross Annual Income: $16,740

 

Property Tax: $2,502

Property Mgmt: $1,674

Insurance: $400

 

Projected NOI: $12,164

 

Cap Rate: 7.2%

 

Direct Price: $169,000

Price w/ Agent: $179,000

 

20% Down: $33,800

 

Cash on Cash: 14.62%

 

(Based on Core Metrics - For Estimation Purposes Only)

 

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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