3336 W 61st St

Cleveland, OH 44102
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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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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,373

HOA

None

Flood Risk

Not Required

Fully renovated 3bedroom, 1.5 bathroom home features new roof, siding and windows. The detached garage was built brand new in 2022! A luxury kitchen with granite countertops and all stainless steel appliance will stay. This home has an open plan living on the first floor with one bedroom and main bathroom on the ground floor. On the second floor you have two additional bedrooms and half bathroom. Properties has been fitted with High efficiency (96%) furnace, tankless water heater, central air and LED lighting.

MARKETS

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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

$15,048

Expenses

-$2,815

Property Taxes

-$4,150

Loan Payments

-$8,693

Net Cash Flow

-$610

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

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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
Agent License 2016001300
Keller Williams Citywide
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5107468
Last Updated: 03/18/2025 18:03
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