TURNkey Value - Single Family Investment

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TURNkey Value - Single Family Investment

Investor · Cleveland, OH · Member since 2015 · 161 posts · 50 votes

An amazing value located in the middle of a close-knit, family driven community! Easy access to downtown, shopping, restaurants, Cleveland Clinic and University Hospital. This tenant-occupied investment home features 3 spacious bedrooms, 1 full bathroom, and is well maintained. Property will be POS compliant.

Seller looking to divest portfolio. Pride of ownership. Long term tenant. Property is in great shape and ready to be a money maker.

Property is located in a Cleveland Heights, Ohio Zip code 44121

CLICK HERE to see the Holton-Wise Property Group grade that this neighborhood got.

Asking price $65,000.00 - Contact me to see what the comps are in the surrounding area.

Rent - $1,000.00

Tenant occupied and wants to stay.

Property is TURNkey

Need financing? We have that covered for you. We have several lenders we can set you up with.

Assuming 4.5% interest, 30 year mortgage & a 25% down payment.

  • Down payment $16,250
  • Up Front costs $2,000.00*
  • Estimated Yearly Rents $12,000
  • Estimated Yearly Expenses $6,000.00
  • Yearly Debt service $2,964.11
  • Net cash flow after expenses & debt service $3,035.89

CASH ON CASH RETURN 16.6%

Contact me for additional information

[email protected]

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