FOR SALE 4955 E 109th
Garfield Heights, Ohio
$79,900 |
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Local Luxury Home Renovation Company & a financial partner have teamed up to renovate this distressed home in Garfield Heights. They would like to line up a buyer immediately. As such they have reached out to Holton-Wise to exclusively market this home during the renovation stage.
Now is your chance to swoop in and lock this property up before it nears completion and we begin to market it on the MLS and you are forced to compete with local buyers.
Time and time again it has proven that QUALITY investment properties produce better results. This property will be like no other single family rental in the sub $100k price point. But do not take our word for it. Take a look at some of their other work.
Below are pictures of a recent renovation in Chagrin Falls, Ohio. This home was marketed just shy of $400,000 and went under contract on the 18th of January. |
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This home is being renovated from top to bottom.- Truly turnkey
- Truly high end
- Truly QUALITY
HIGHLIGHTS:- 3 beds
- 2 baths
- Renovated kitchen
- Renovated bath
- New bath
- Finished basement
- New windows
- New A/C
- New H20 Tank
- Newer furnace
- New electrical
- New LED lighting througout
- Refinished hardwood floors
- Clear Point of Sale Report at closing GUARANTEED!
Kitchen renovation details:- Custom kitchen
- Back porch turned into kitchen addition
- Granite counter tops
- Brand new mocha cabinets
- Eat in breakfast bar
- Under mount sink
- Stainless steel appliances
- Tile back splash
Bathroom renovation details:- Tile tub/shower surround in main floor bath
- Brand new bathroom in finished basement
- All modern decor & fixtures
- New toilets
- New vanities
- New lighting
Basement renovation details:- Brand new carpet
- Glass block windows
- New electrical
- Built in bar
- Brand new full bath
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FINANCIALS:- Down Payment: $11,985
- Mortgage: $67,915
- Annual Taxes: $2,271.86
- Annual Insurance est: $1,080
- Monthly Rent est: $1,150
- Monthly Mortgage Payment: $321
- Monthly Taxes: $189.32
- Monthly Insurance est: $90
- Monthly Water/Sewer est: $100
- Monthly CapEx est: $45
- Monthly Repair est: $45
- Monthly Vacancy/Non pay est: $23
- Monthly Property Management est: $150
- Monthly Cash Flow after Debt Service & Expenses est: $186.68
- Annual Cash Flow after Debt Service & Expenses est: $2,240.16
- Cash on Cash Return Est: 18.69%
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Copyright © 2016 The Holton-Wise Property Group, All rights reserved.
The Holton-Wise Property Group does not doubt the accuracy of any of the information contained herein. However we have not verified it and make no guarantee, warranty or representation about it. Properties listed herein may be listed by brokerages other than The Holton-Wise Property Group. It is your
responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of any property. Actual results may vary from any projections, opinions, assumptions, or estimates and you should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
The Holton-Wise Property Group
4207 Brookpark Rd. Parma, Ohio. 44134.
216-661-6633
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