Cash Flowing Investment Rental Property in Cleveland, OH

  • $ 70,000
  • $ 50/sq ft
Cleveland, OH, USA... Click on the address to view full address

Cash Flowing Investment Rental Property in Cleveland, OH

Cleveland, OH, USA... Click on the address to view full address
  • $ 70,000
  • $ 50/sq ft

Overview

Property ID: 2057
  • Single Family Home
  • Property Type
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 1404
  • Sq Ft
  • 1920
  • Year Built

Fix and Flip

  • $70,000
  • Purchase Price
  • $153,000
  • ARV
  • $4,000
  • Rehab Cost

Buy and Hold

  • $ 70,000
  • Purchase Price
  • $ 1,369
  • Expected Rent
  • 16,428%
  • Gross ROI

Description

This single-family home is situated in the Stockyards neighborhood of Cleveland. Offering 3 bedrooms and 2 bathrooms, this property provides approximately 1,404 sqft of living space. Built in 1920, it features a lot size of 4,552 sqft.


Notably, this property boasts a stable rental cash flow, with the current tenant having resided here for an impressive decade. The home has been diligently maintained and requires only minor repairs to keep it in excellent condition



Deal Price: $70,000 🏡


Seller Finance: $65,000 loan amount 🏦



Annual Interest: 6% with a 30-year Amortization 📈



Strategic Balloon: Due in 5 years 🎈




Monthly P&I Payment: $389.71 💳








Address

  • Address Cleveland, OH, USA
  • City Cleveland
  • State/county OH
  • Zip/Postal Code 44102
  • Area Cleveland, OH, USA
  • Country United States

Details

Updated on December 20, 2023 at 03:02 pm
  • Property ID: 2057
  • Price: $ 70,000
  • Property Size: 1404 Sq Ft
  • Bedrooms: 4
  • Bathrooms: 2
  • Year Built: 1920
  • Property Type: Single Family Home
  • Property Status: For Sale

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