Renovation Highlights

  • Rehabbed in 2019
  • CMHA compliant
  • Transfers POS City Compliant
$ 75,000
3 bd
1 ba
988 sqft
Turnkey Income Property
Monthly Rent: $1,023
**10 Kohout St Maple Heights, OH 44137

Sale Pending

Property Overview

How does $1,023 in gross monthly rent and a CMHA guaranteed rent contract sound? Rehabbed about a year ago and long term tenant in place. This property has passed CMHA inspections and is compliant and will be sold City POS compliant as well. Reserve today by click on the RESERVE NOW button - this rent and price-point will not last!
  • 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.
  • Recently Renovated

    i recently tooltip sentence describing this service

Property Features

  • 3bed
  • full basement
  • popular ranch style home
  • front porch
  • nice backyard

Property Highlights

  • 20% + Projected Cash on Cash
  • Buy with Only 20% down
  • Rent Guaranteed by CMHA
  • 1 Year APHW Home Warranty
  • Property Management in Place

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $1,023

Gross Annual Income: $12,276

Property Tax: $2,490

Property Mgmt: $1,228

Insurance: $500

Projected NOI: $8,058

 

Cap Rate: 10.74%

Cash on Cash: %

 

Direct Price: $75,000

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

20% Down: $15,000

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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