Rennovation Highlights

  • Updated kitchen and baths!
  • Drywall repairs and fresh paint throughout!
  • New flooring & carpet throughout
  • Fresh Interior Paint Throughout
$ 139,000
3 bd
1.5 ba
1,708 sqft
Turnkey Income Property
Monthly Rent: $1,600
**2 Richmond Rd, Richmond Heights, OH 44143

Property Overview

Seeking an A-class investment property with incredible income and cash on cash returns!? How about $19,200 in gross annual income at a direct offering price of only $139,000! Expansive floor plan with elevated living area featuring a nice wood-burning fireplace. Concrete rear patio overlooking a generous yard. TURNKEY! Buy with as little as 15% down! Contact us or CLICK on the RESERVE NOW or the HOW IT WORKS to take the first step!
  • 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

  • Projected rent of $1,600/mth
  • Large lot and nice backyard
  • Excellent, large floor plan
  • Fully Renovated
  • Appreciating Values!

Property Highlights

  • $19,200 Projected Gross Income!
  • A-class Investment Property
  • Buy w/ as Little as 15% Down!
  • 1 Year Home Warranty
  • Incredible Cash on Cash Returns!!

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $1,600

Gross Annual Income: $19,200

Property Tax: $5,290

Property Mgmt: $1,800

Insurance: $500

Projected NOI: $11,610

Direct Price: $139,000

Price w/ Agent: $140,000

20% Down: $27,800

Cap Rate: 8.35%

Cash on Cash: %

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.

FINANCIAL PROJECTIONS: Richmond

Direct Offer

$139,000

Price w/ Agent

$150,000

20% Down Payment

$27,800

Preferred Lenders LINK

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

Annual Gross Income

$19,200

Est. Annual Property Taxes

$5,290

Annual Property Management

$1,920

*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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