Brick Double in B Area. Cleveland Heights, OH. RENTS $1500/month
Situated On A Lovely Deep Lot, This Solid Brick Younger 2 family Is Well Located In The Popular Cedar-Lee Neighborhood Which Is Brimming With Eateries, Shops, Theater, Schools Transportation & Cain Park! Each 2 bedroom Suite Has Newer Appliances, Updated Baths & The Charm Of A Fireplace! Exposed Recently Refinished Hardwood Floors Are In all Bedrooms, Dining Rooms & The 2nd Floor Living Room. Full Basement With two new furnaces June 9, 2017!!!! Newer 2 H2o Tanks (2016), Glass Block Windows & Several Storage Rooms. This Home Is But A Short Distance To University Circle, Downtown, Cultural Centers & Playhouse Square. Homeowners Warranty Included.
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Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
- Down payment $ 24,975.00
- Up Front costs $ 2000.00
- Estimated Yearly Rents $ 18,000.00
- Estimated Yearly Expenses $ 9,000.00
- Yearly Debt service $ 4,555.61
- Net cash flow after expenses & debt service $ 4,444.39
CASH ON CASH RETURN 16.5%
Contact @Federico Gutierrez. Holton-Wise Realtor of the Year for 2016, to set up your FREE real estate consultation about investing in the Chicago, IL or Cleveland, Ohio market. Don't sleep on your opportunity to build WEALTH through passive income and reduce your taxable income. All through BUY and HOLD properties.
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*Featured properties is listed by the office/agent presenting this brochure*