Renovation Highlights

  • Comprehensively Upgraded Kitchens on BOTH Floors
  • Two Brand New Furnaces
  • Completely Revamped Bathrooms
  • Basement/Laundry Room Extensively Renovated
  • Newly Replaced Garage Door
  • City POS Inspection has Passed and is Certified
$ 115,000
5 bd
2 ba
2,128 sqft
Turnkey Income Property
Monthly Rent: $1,500
DUPLEX : **762 Maple Heights Blvd, Maple Heights, OH 44137

Property Overview

Fantastic Turnkey Opportunity in Maple Heights! This Duplex allows investors to have options on how they get their return on investment. Located on a corner lot surrounded by peaceful woods, there is no excuse to pass up this opportunity. What are you waiting for? Contact us or Reserve this property NOW!
  • 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

  • 2 Car Garage
  • Peaceful Wooded Area Beyond Backyard
  • Spacious Basement for Extra Storage
  • Fenced in Backyard
  • No Neighbors on Left Side of Property

Property Highlights

  • 20% + Projected Cash on Cash
  • Buy with Only 20% down
  • Duplex Property
  • 1 Year APHW Home Warranty
  • Thoroughly Renovated to Home Buyer Liking

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $1,500

Gross Annual Income: $18,000

Property Tax: $3,599

Property Mgmt: $1,800

Insurance: $500

Projected NOI: $12,101

 

Cap Rate: 10.52%

Cash on Cash: %

 

Direct Price: $115,000

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

20% Down: $23,000

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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