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PROPERTY OVERVIEW

Newly renovated and turnkey property for investment or home buyer. Located in a B suburb of Cleveland, OH. Comprehensive renovation - be sure to check out the renovation highlights bellow.

 

RENOVATION HIGHLIGHTS

  • New flooring throughout
  • Renovated kitchens and baths
  • Brand new windows
  • Freshly painted throughout
  • Refurbished and newly painted back deck

PROPERTY FEATURES

  • Detached garage
  • Bungalow style property
  • Hardwood floors throughout main floor
  • Rear deck
  • Very popular area for renters & home buyers

 

INVESTMENT HIGHLIGHTS

  • Buy with Only 20% down
  • 1 Year Home Warranty w/ APHW
  • Full Management in Place
  • 8.13% Cap Rate
  • Great for new investors

Projected Year 1 Core Financials

Monthly Rent: $1,000

Gross Annual Income: $12,000

Property Tax: $1,198

Property Mgmt: $1,200

Insurance: $500

Projected NOI: $9,102

 

Cap Rate: 8.13%

Cash on Cash: Use Mortgage Calculator

 

Direct Price: $112,000

Price w/ Agent: N/A - Direct only

 

20% Down: $22,400

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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