Renovation Highlights

  • Brand New Interior & Exterior Paint
  • Installation of New Carpet
  • New Roof on House and Garage
  • Basement Bath Remodel
  • Baseboard Electric Heaters Installed
$ 69,000
3 bd
1 ba
1114 sqft
Turnkey Income Property
Monthly Rent: $900
**006 HOLLY HILL DR, CLEVELAND OH 44128

Sale Pending

Property Overview

Fully Renovated Turnkey opportunity in Cleveland Ohio. Very popular entry level investment property and location. Close proximity to new AMAZON location recently opened and added 2,000 new jobs.
  • Fully Renovated

    i Fully renovated is a general marketing term applied for properties which have undergone comprehensive renovation and/or refurbishment improvements. Please review the “Renovation Highlights” and be sure to inquire about specific improvements were completed to properties in which you have interest. Ultimately, you should only depend on your observations and any reports obtained for complete accuracy.
  • 1 Year Warranty

    i This property is offered for sale in a structured format designed for turnkey property buyers. As such, a 1 year home warranty is included in the price and is currently offered through America’s Preferred Home Warranty (APHW). APHW forms must be included in your purchase-paperwork package in order to apply. Please refer to this documentation for program details.
  • Financing Available

    i This property is eligible for financing. You are welcome to use your own lenders (please have a qualified lender pre-approval ready), or ask us for our preferred lenders and we are happy to provide a referral.

Property Features

  • 3 bed/1 bath/1114 sqft
  • Screened in back porch
  • Front porch w/ overhead cover
  • Garage with extra storage space
  • Plenty of living room windows for extra lighting

Property Highlights

  • Pre-Renovation Discount Opportunity
  • Year 1 Cash on Cash Projection
  • Buy with Only 20% Down
  • Located in the Historic Lee-Harvard area
  • 1 Year Home Warranty w/ APHW

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $900

Gross Annual Income: $10,800

Property Tax: $826

Property Mgmt: $1080

Insurance: $500

Projected NOI: $8,394

 

Cap Rate: 12.17%

Cash on Cash: %

 

Direct Price: $69,000

Price w/ Agent: $N/A - Direct Only

20% Down: $13,800

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.

Direct Offer

Price w/ Agent

20% Down Payment

Preferred Lenders LINK

Annual Gross Income

Est. Annual Property Taxes

Annual Property Management

*Rate is for illustration only. Lender fees may apply.

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. 2020realestate.com is not a lender or property owner. Please be sure to conduct your own due diligence and seek your own professional advice.

Resources

Preferred Insurance Provider

NREIG.com

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