16%+ Returns on Cleveland Investment Property

[Isaac Taylor]

CLEVELAND INVESTMENT PROPERTY OVERVIEW

• Market: Metro Cleveland Area
• Listing Price: $75,911               
• Rehab Estimate:
• Address: Montford Rd, Cleveland Heights, Cleveland, OH
• Beds / Baths / Sq Ft: 3 beds / 2 bath / 1,219 sq ft
• Property Description: This newly updated, turnkey home includes upgrades throughout to the plumbing, electrical, bath and kitchen. The hot water tank and furnace are new. A cozy fireplace for the winter months and an open porch provide additional amenities.

FINANCIAL SUMMARY -  Click here for more detail

At Listing Price Purchase Price: $75,911 Rehab: $0 Closing Costs: $2,277 Total Investment: $78,188 Financed Amount: $58,641 Cash Investment: $19,547 Annual Revenue: $19,800 Annual Expenses: $12,600 Interest: $2,932 Net Income: $1,306 Annual Return: 7% Annual Appreciation: $1,518 Total Return Potential: 14%

At Recommended Price Purchase Price: $73,000 Rehab: $0 Closing Costs: $2,190 Total Investment: $75,190 Financed Amount: $56,393 Cash Investment: $18,789 Annual Revenue: $12,600 Annual Expenses: $8,362 Interest: $2,820 Net Income: $1,419 Annual Return: 8% Annual Appreciation: $1,518 Total Return Potential: 16%

Want to Learn More About This Property?

• Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
• Income Potential: See what similar homes are renting for in this neighborhood
• Expense Expectations: See a detailed breakdown of key expenses like property taxes and insurance