7902 Wentworth Ave

Cleveland, OH 44102
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3 bd, 2 ba | 1,161 sqft | Built in 1905

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List Price
$169,000

Initial Investment

$46,053

Purchase Price

$169,000

Down Payment

25%

Rent

$1,300

Total Return

$74,076

Annualized Return

20.4%

Cap Rate

4.8%

Gross Yield

9.2%

Cash Flow

-$1,640

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,375

HOA

None

Flood Risk

Not Required

The West Boulevard area in Cleveland presents a move-in ready home with immediate rental income potential for investors. This revitalized 3-bedroom, 1.5-bathroom home located close to I-71 and I-90 & many desired local attractions, offers newly painted walls, LVP flooring, a first floor handy half- bath, a generous living area & a dining room w/ built-in shelving. The kitchen is updated w/ new cabinets, fixtures, granite countertops, & flooring. The 2nd floor has 3 nicely-sized bedrooms, & a full bathroom freshly renovated The attic has been converted into additional living space, potentially serving as a 4th bedroom w/ added heating. Additional amenities include a detached garage, all new energy-efficient windows, a newer roof, and updated electric. Rents between $1400-$1800 in area.

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

Annual Financial Highlights

Expected Rent

$14,820

Expenses

-$2,672

Property Taxes

-$4,600

Loan Payments

-$9,188

Net Cash Flow

-$1,640

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:Amy Vega
Rich Russo Realty & Co.
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceColumbus and Central Ohio Regional MLS
MLS #224041927
Last Updated: 12/02/2024 19:12
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