3336 W 61st St, Cleveland OH, 44102

3 bd, 2 ba | 1,366 sqft | Built in 1890

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List Price

$159,900

Initial Investment

$43,573

Purchase Price

$159,900

Down Payment

25%

Rent

$1,320

Total Return

$75,087

Annualized Return

22.0%

Cap Rate

5.4%

Gross Yield

9.9%

Cash Flow

-$610

Appreciation

8.4%

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Alex Johnson

Real Estate Quest, LLC

OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$15,048

Expenses

-$2,815

Property Taxes

-$4,150

Loan Payments

-$8,693

Net Cash Flow

-$610

See more in Financials

Buying Partners

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:Thomas Kelly
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Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595

SourceMLS Now
MLS #5107468
Last Updated: 03/18/2025 18:03

Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.

Cleveland, OH 44102

Features

Alex Johnson

Real Estate Quest, LLC

OH Agent License #2007002717

Annual Financial Highlights

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.

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Buying your rental home investment.

Roofstock Select Properties*

Choose an offer price and make an offer.

Complete your buyer information. You'll be able to specify co-investors and how you wish to hold title.

Specify whether you will use financing or pay all cash to purchase your investment.

For Roofstock Select listings, a pre-approval letter (if financing) or proof of funds (if all cash) is required upfront as part of your offer.

This fee covers our comprehensive certification and transaction support services. Enter a credit card for this fee that will be charged only after your offer is accepted.

Roofstock's local buyer broker will complete your offer and send it to you for review and signature. Upon signing, your buyer broker will present your offer to the Seller.