Rennovation Highlights

  • Updated kitchen and baths!
  • Drywall repairs and fresh paint throughout!
  • New flooring & carpet throughout
  • Updated Electrical Panel
  • New Hot Water Tank
$ 143,000
3 bd
2 ba
1,539 sqft
Turnkey Income Property
Monthly Rent: $1,450
***1 Purdue St, Cuyahoga Falls, OH 44221

Property Overview

A-rated location for this turnkey investment property located in desirable suburb of Cuyahoga Falls. Fully renovated to homebuyer standards with an upgraded kitchen, 2 full bathrooms, and over 1,500 sq ft of living space with an attached 2 car garage. Seeking stable cash-flow and a higher tenant class? Buy this...
  • 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 2 full bath 1,539 sq ft
  • attached 2 car garage
  • private rear patio for enjoyment
  • popular split level home
  • 2 block to 2 parks (Linden & Ross)

Property Highlights

  • 14.59% Y1 Projected Cash on Cash
  • A rated location
  • Predominantly homebuyer area
  • Fully renovated to high standard
  • Management in place

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $1,450

Gross Annual Income: $17,400

Property Tax: $2,603

Property Mgmt: $1,740

Insurance: $500

Projected NOI: $15,160

Direct Price: $139,000

Price w/ Agent: $148,000

20% Down: $27,800

Cap Rate: 9.03%

Cash on Cash: 14.59%

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.

Projected Y1 Financials: PURDUE

Direct Offer

$143,000

Price w/ Agent

$150,000

20% Down Payment

$28,600

Preferred Lenders LINK

https://2020realestate.com/how-it-works/

Annual Gross Income

$17,400

Est. Annual Property Taxes

$2,603

Annual Property Management

$1,740

*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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