Renovation Highlights

  • Recently passed CMHA inspection
  • Exterior repairs and upgrades
$ 69,000
3 bd
1 ba
1,200 sqft
Turnkey Income Property
Monthly Rent: $835
***10 Lotus Dr, Cleveland, OH 44128

Property Overview

Turnkey existing rental with long-term tenants! This property has recently passed its CMHA inspection and has had exterior upgrades this year. Great turnkey opportunity! Don't miss out, reserve now!
  • 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.
  • Recently Renovated

    i recently tooltip sentence describing this service

Property Features

  • Detached 2-car garage
  • Bungalow style property
  • Hardwood floors throughout main floor
  • Large front yard
  • Spacious basement for storage or recreation

Property Highlights

  • Buy with Only 20% down
  • 1 Year Home Warranty w/ APHW
  • Full Management in Place
  • 9.99% Cap Rate
  • Great for new investors

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $835

Gross Annual Income: $10,020

Property Tax: $1,624

Property Mgmt: $1,002

Insurance: $500

Projected NOI: $6,894

 

Cap Rate: 9.99%%

Cash on Cash: %

 

Direct Price: $69,000

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

20% Down: $Cash only

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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