16% Returns on this Cleveland Suburban Investment Property

[Isaac Taylor]

CLEVELAND INVESTMENT PROPERTY OVERVIEW

• Market: Metro Cleveland Area
• Listing Price: $88,000
• Rehab Estimate: $5,000
• Address: Monticello, Cleveland Heights, OH
• Beds / Baths / Sq Ft: 4 beds / 1.5 baths / 1,769 sq ft
• Property Description: This 1769 square foot single family home has 4 bedrooms and 1.5 bathrooms. It is located on Monticello Blvd Cleveland Heights, Ohio.

FINANCIAL SUMMARY - Click for More Detail

At Listing Price Purchase Price: $88,000 Rehab: $5,000 Closing Costs: $2,640 Total Investment: $95,640 Financed Amount: $70,400 Cash Investment: $25,240 Annual Revenue: $13,800 Annual Expenses: $7,961 Interest: $3,520 Net Income: $2,319 Annual Return: 9% Annual Appreciation: $1,760 Total Return Potential: 16%

At Recommended Price Purchase Price: $85,000 Rehab: $5,000 Closing Costs: $2,550 Total Investment: $92,550 Financed Amount: $68,000 Cash Investment: $24,550 Annual Revenue: $13,800 Annual Expenses: $7,961 Interest: $3,400 Net Income: $2,439 Annual Return: 10% Annual Appreciation: $1,760 Total Return Potential: 17%

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