Renovation Highlights

  • newly built 14.5 x 14.5 1st floor master bedroom
  • 2 full bath remodels
  • freshly painted walls, ceilings, & trim
  • new LVT flooring & carpet throughout
  • new fixtures, lighting, faceplates/switches & more
$ 134,500
3+ bd
2 ba
1,555 sqft
Turnkey Income Property
Monthly Rent: $1,400
***74 Chatworth, Euclid, OH 44117

Property Overview

Beautifully remodeled and turnkey property located in sought-after area in Euclid, near the new Amazon location. Very large 1st floor master bedroom has been designed and the property features 3 full bedrooms with a potential 4th or den on second floor. Deep, large lot with outdoor brick-built grill in backyard. Proudly offering turnkey & income-producing properties throughout Greater Cleveland for those seeking to achieve passive income!
  • 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

  • newly-constructed 1st floor master bedroom
  • 2nd floor has optional master bedroom
  • remodeled baths on both first and 2nd floors
  • additional 4th bedroom or den on 2nd floor
  • 2 car garage with deep backyard & brick outdoor grill

Property Highlights

  • 18.69% Y1 projected cash on cash return
  • “Up on the hill” from the new Amazon!
  • Popular neighborhood in A-rated area of Euclid
  • Full property management in place & available
  • 1 year America’s Preferred Home Warranty

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $1,400

Gross Annual Income: $16,800

Property Tax: $2,350

Property Mgmt: $1,680

Insurance: $500

Projected NOI: $12,270

 

Cap Rate: 9.12%

Cash on Cash: 18.69%

 

Direct Price: $134,500

Price w/ Agent: $137,500

20% Down: $26,900

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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