3601 E 57th St

Cleveland, OH 44105
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3 bd, 1 ba | 1,298 sqft | Built in 1910

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List Price
$110,000

Initial Investment

$29,975

Purchase Price

$110,000

Down Payment

25%

Rent

$1,020

Total Return

$51,933

Annualized Return

22.6%

Cap Rate

6.2%

Gross Yield

11.1%

Cash Flow

$214

Appreciation

8.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,600

HOA

None

Flood Risk

Not Required

Attention Cleveland Turnkey Investors! Nestled in the up and coming Slavic Village neighborhood, and renovated in 2023 & 2024 this 3 bed 1 bath Cape Cod style property is ready to go! The property was lead certified in 2024!! Currently tenant occupied, and managed professionally, the property will be easy to maintain. Just sit back and collect your rental checks! New furnace and hot water tank installed in 2025! Contact us today for more information. Do NOT disturb current tenants, showings once the property is under contract. Pictures from before the tenant moving in. AGENTS READ REMARKS.

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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

$11,628

Expenses

-$2,433

Property Taxes

-$3,000

Loan Payments

-$5,980

Net Cash Flow

$214

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:Michael Magno
Agent License 2016003542
Keller Williams Living
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5107071
Last Updated: 03/18/2025 16:03
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.