Renovation Highlights

  • Completely Updated Bath
  • Brand New Carpet in Living Room & Dining Room
  • Updated Kitchen w/ New Tile Flooring
  • Newly Installed Windows Throughout
  • Freshly Painted Interior
$ 66,000
3 bd
1 ba
1,072 sqft
Turnkey Income Property
Monthly Rent: $825
***06 Holly Hill Cleveland, OH 44128

Property Overview

Turnkey rental in 44128. Very popular entry level investment property and location. Close proximity to new AMAZON location recently opened and added 2,000 new jobs.
  • 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.
  • Recently Renovated

    i recently tooltip sentence describing this service

Property Features

  • Comprehensively Renovated
  • Big Bedroom Upstairs w/ lots of closet space
  • Beautiful Front Porch
  • 2 Car Garage Features Add-on Workshop Room
  • Very Spacious Backyard

Property Highlights

  • Lease and Long Term Tenant in Place
  • 21.15% Year 1 Cash on Cash Projection
  • Buy with Only 20% Down
  • Located in the Historic Lee-Harvard area
  • 1 Year Home Warranty w/ APHW

Projected Year 1 Core Financials

(for estimating purposes only)

Monthly Rent: $825

Gross Annual Income: $9,900

Property Tax: $1,723

Property Mgmt: $990

Insurance: $500

Projected NOI: $6,687

 

Cap Rate: 10.13%

Cash on Cash: 21.15%

 

Direct Price: $66,000

Price w/ Agent: $70,000

20% Down: $13,000

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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