Great Cleveland Home - 21% Returns

[Isaac Taylor]

CLEVELAND INVESTMENT PROPERTY OVERVIEW

• Market: Metro Cleveland Area
• Listing Price: $78,000
• Rehab Estimate: N/A
• Address: Northampton, Cleveland Heights, Cleveland, OH
• Beds / Baths / Sq Ft: 3 beds / 1 bath / 1,438 sq ft
• Property Description: This 3 bedroom home features granite kitchen counter-tops, stainless steel appliances, an under-mounted kitchen sink, beautiful hardwood floors in the living room and dining room, and a cozy fireplace. Storage included in the walk-up 3rd floor attic and basement. Upgrades include: Windows (2010), Roof (2010) and Boiler (2009).

FINANCIAL SUMMARY - Click here for more details!

At Listing Price Purchase Price: $78,000 Rehab: n/a Closing Costs: $2,340 Total Investment: $80,340 Financed Amount: $60,255 Cash Investment: $20,085 Annual Revenue: $12,000 Annual Expenses: $6,362 Interest: $3,013 Net Income: $2,626 Annual Return: 13% Annual Appreciation: $1,560 Total Return Potential: 21%

At Recommended Price Purchase Price: $73,000 Rehab: n/a Closing Costs: $2,190 Total Investment: $75,190 Financed Amount: $56,393 Cash Investment: $18,789 Annual Revenue: $12,000 Annual Expenses: $6,362 Interest: $2,820 Net Income: $2,819 Annual Return: 15% Annual Appreciation: $1,560 Total Return Potential: 23%

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