3731 E 144th St
Cleveland, OH 44120
List Price
$74,000
Initial Investment
$23,669Purchase Price
$71,600
Down Payment
25%
Rent
$984
Total Return
$43,334
Annualized Return
25.1%
Cap Rate
8.6%
Gross Yield
16.5%
Cash Flow
$1,566
Appreciation
9.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
09/15/2018
Lease End
04/01/2021
Lot Size
4,269
HOA
None
Flood Risk
Not Required
- Seller willing to replace the furnace prior to COE (with a qualified offer)
- Built in equity, comps at $87k
- Great location, 20-minutes outside of Downtown Cleveland
- Section 8 tenant (100% government paid)
- Living area includes a finished basement (can be used as 5 bedroom home)
- Seller recently made repairs on home, view inspection documents for more info
- August rent has been paid. See ledger in diligence vault
- October rent has been paid. See ledger in diligence documents
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,218Expenses
-$3,859Property Taxes
-$1,900Loan Payments
-$3,893Net Cash Flow
$1,566See more in Financials
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