Rennovation Highlights

  • Updated kitchen and baths!
  • New high efficiency furnace and AC condenser!
  • New flooring & carpet throughout
$ 117,000
4 bd
1.5 ba
1,282 sqft
Turnkey Income Property
Monthly Rent: $1,295
**8 E 275th St Euclid, OH 44132

Property Overview

Just completely renovated to homebuyer standards! An "A"-rated property which sheck the boxes for cash flow & strong appreciation! TURNKEY and fully remodeled in one of the hottest investment locations in Cleveland, due to the AMAZON location just built! Click RESERVE NOW, or contact us to discuss how easy it is to proceed.
  • 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

  1. 4bed 1.5 bath + Basement
  2. Extensively Remodeled
  3. Nice, Private Backyard
  4. Finished Basement Area
  5. Detached Garage

Property Highlights

  1. Very Popular Euclid Area
  2. Near New AMAZON Location
  3. Rapidly Appreciating Location
  4. Buy w/ as Little as 15% Down
  5. Class A Investment Property

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $1,250

Gross Annual Income: $15,000

Property Tax: $2,847

Property Mgmt: $1,500

Insurance: $500

Projected NOI: $10,153

Direct Price: $117,000

Price w/ Agent: $125,000

20% Down: $23,800

Cap Rate: 8.68%

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 OVERVIEW: E 275TH

Direct Offer

$117,000

Price w/ Agent

$125,000

20% Down Payment

$23,400

Preferred Lenders LINK

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

Annual Gross Income

$15,540

Est. Annual Property Taxes

$2,847

Annual Property Management

$1,554

*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

Mortgage Calculator

Click Here!

Call Now Button