Cleveland, Ohio SFhouse w/smoking hot cash flow! Sold

  • $54,000
  • 3 beds
  • 1008 sqft
Sold

Characteristics

Bedrooms:     3 beds

Bathrooms:    1 bath

Single Family:  1,008 sq. ft.

Lot Size:     6,300 sq. ft.

Year Built: 1969

Stories:     1

Parking:    Driveway

 

Price (includes rehab)

$54,000

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)              

$9,600 yr / $800 mo (cash tenant)              $11,400 / $950 mo (Eden tenant)

Expense                                                            Expense

$1,000   Taxes                                                  $1,000   Taxes

$620      Insurance                                          $620      Insurance

$500      Maintenance (5%)                          $570      Maintenance (5%)

$500      Vacancy (5%)                                   $570      Vacancy (5%)

$768      Management (8%)                          $912      Management (8%)

$3,388   Expenses                                           $3,672   Expenses

 

Net Income                                                     Net Income                                     

$6,212 ($517 Monthly)                             $7,728 ($644 Monthly)        

Cap Rate                                                          Cap Rate

11.5 %                                                               14.3%

Comps

17517 TARKINGTON AVE       SOLD $46,000         5/3/1        988 sqft – I sold this house for $59k but property as-is was $46k

 

4726 E 175TH ST            SOLD $69,000         2/1/1        1,064 sqft

*All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.

 

*ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors.

Price:
$54,000
Address:
4789 E 177th St.
Cleveland, OH 44128
Square Feet:
1008
Lot Size:
6300
Bedrooms:
3
Terms:
For Sale
Property Type:
Home
Year Built:
1969
Const. Type:
SFH

Additional Features

Price includes rehab

Call 888-234-9828 for more details

Property Location

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