11% Returns on Cleveland Property

[Isaac Taylor]

CLEVELAND INVESTMENT PROPERTY OVERVIEW

• Market: Metro Cleveland Area
• Listing Price: $89,000
• Rehab Estimate: N/A
• Address: Northampton, Cleveland Heights, Cleveland, OH
• Beds / Baths / Sq Ft: 3 beds / 2 baths / 1,355 sq ft
• Property Description: This is a bungalow style home conveniently located in the suburb of South Euclid. This home has 3 bedrooms, and a finished basement. The home has been completely updated with a newer kitchen, new bathrooms, newer carpet, ceiling fans, hot water tank, furnace and central air conditioning. The property also has a newer garage, a rear wood deck and the sellers are installing a completely new roof! This property is move-in ready and also comes with a home warranty.

FINANCIAL SUMMARY - Click here for more details!

At Listing Price Purchase Price: $89,000 Rehab: n/a Closing Costs: $2,670 Total Investment: $91,670 Financed Amount: $68,753 Cash Investment: $22,918 Annual Revenue: $12,000 Annual Expenses: $7,712 Interest: $3,438 Net Income: $851 Annual Return: 4% Annual Appreciation: $1,780 Total Return Potential: 11%

At Recommended Price Purchase Price: $76,000 Rehab: n/a Closing Costs: $2,280 Total Investment: $78,280 Financed Amount: $58,710 Cash Investment: $19,570 Annual Revenue: $12,000 Annual Expenses: $7,712 Interest: $2,936 Net Income: $1,353 Annual Return: 7% Annual Appreciation: $1,780 Total Return Potential: 16%

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• 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
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