7107 IVY AVE

CLEVELAND, OH 44127
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2 bd, 2 ba | 1,280 sqft | Built in 1900

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List Price
$75,000

Initial Investment

$20,438

Purchase Price

$75,000

Down Payment

25%

Rent

$1,040

Total Return

$45,503

Annualized Return

30.3%

Cap Rate

9.7%

Gross Yield

16.6%

Cash Flow

$2,475

Appreciation

7.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,675

HOA

None

Flood Risk

Not Required

Investor Special – Fixer Upper Opportunity
Calling all serious cash investors! This a 2-bedroom, 2-bathroom fixer upper it is a diamond in the rough, ready for the right buyer to bring it back to life. The property needs work and is being sold AS-IS—no repairs.
CASH ONLY
Absolutely NO wholesalers. The seller will NOT assign the contract.
Great investment potential for a flip or rental property!
Located in the North Broadway neighborhood, this property is surrounded by redevelopment opportunities. Don’t miss out on this chance to add value in an up-and-coming area! POF (Proof of Funds) required with all offers.

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

$11,856

Expenses

-$3,253

Property Taxes

-$2,050

Loan Payments

-$4,077

Net Cash Flow

$2,475

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:Dominique Thomas
Agent License 2022001719
Keller Williams Greater Metropolitan
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5108223
Last Updated: 03/21/2025 02:03
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