4226 E 164TH ST

CLEVELAND, OH 44128
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3 bd, 3 ba | 2,650 sqft | Built in 1949

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List Price
$195,000

Initial Investment

$53,138

Purchase Price

$195,000

Down Payment

25%

Rent

$1,610

Total Return

$71,147

Annualized Return

18.2%

Cap Rate

5.3%

Gross Yield

9.9%

Cash Flow

-$981

Appreciation

6.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,551

HOA

None

Flood Risk

Not Required

This 2,650 square foot home features a large living room, an eat-in kitchen, plus a dining room. Large master bedroom with sitting area. The oversized family room, with new carpeting, will be great for entertaining. The family room leads to another room, which leads to the backyard. There are two other rooms on the first floor that can be used for a workshop, exercise rooms, or storage. You can relax in the front porch. This is a large home with many features you must see this to really appreciate it. There is new roof and the home has newer flooring and has been freshly painted.

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,434

Property Taxes

-$5,300

Loan Payments

-$10,601

Net Cash Flow

-$981

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:Frank Ferraro
Agent License 353403
Classic Realty Group, Inc.
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5112329
Last Updated: 04/07/2025 11:04
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