3459 E 117TH ST

CLEVELAND, OH 44120
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3 bd, 2 ba | 1,238 sqft | Built in 1993

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List Price
$179,900

Initial Investment

$49,023

Purchase Price

$179,900

Down Payment

25%

Rent

$1,200

Total Return

$80,204

Annualized Return

19.9%

Cap Rate

3.8%

Gross Yield

8.0%

Cash Flow

-$3,435

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,515

HOA

None

Flood Risk

Not Required

Welcome to this charming 3 BDRM 1 1/2 Bath colonial with Remodeled bathrooms, comes with classic elegance and updated thru out. Extensive updates from Roof, windows, Furnace, Central Air added, Siding and Electrical and even more updated in 2024. Also included is the lot next door Lot Zone for 2 Family, has own pp and address....

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

$13,680

Expenses

-$2,435

Property Taxes

-$4,900

Loan Payments

-$9,780

Net Cash Flow

-$3,435

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:Elaine Hanf
Agent License 363970
Platinum Real Estate
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5108230
Last Updated: 03/21/2025 20:03
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