184 LAKEWOOD DR

AVON LAKE, OH 44012
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3 bd, 1 ba | 904 sqft | Built in 1940

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List Price
$234,900

Initial Investment

$64,010

Purchase Price

$234,900

Down Payment

25%

Rent

$1,441

Total Return

$73,376

Annualized Return

15.5%

Cap Rate

4.2%

Gross Yield

7.4%

Cash Flow

-$3,516

Appreciation

6.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,485

HOA

None

Flood Risk

Not Required

Welcome to this beautifully updated cottage style ranch in the heart of Avon Lake! This move-in ready 3 bedroom, 1 bath home features a bright four-seasons room, modern updates and a fenced in backyard with shed. There is plenty of storage in the attic with pull-down access. Enjoy peace of mind with a new roof (2021), HVAC (2022), HWT (2023), Windows (2018) and appliances (2019). All that's left to do is move in!

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$16,429

Expenses

-$2,924

Property Taxes

-$4,250

Loan Payments

-$12,770

Net Cash Flow

-$3,516

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Melissa Kaufman
Agent License 2017006398
McDowell Homes Real Estate Services
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5107883
Last Updated: 03/27/2025 13:03
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