Single Family Home w/ Value Add Opportunity
An amazing value located in the middle of a close-knit, family driven community! This tenant-occupied investment home features 4 spacious bedrooms, 1 full bathroom, and is well maintained. YOU have two opportunities here as an investor:
1 - buy and hold
2 - buy and add value
This is your lucky day, comps and estimates for this home/area are in the 85k+ range!
3759 Bainbridge Rd, Cleveland Hts., OH - SOLD - $127,000 - 8/10/17
3758 Bainbridge Rd, Cleveland Hts., OH - SOLD - $123,900 - 5/02/17
3562 Bainbridge Rd, Cleveland Hts., OH - SOLD - $115,400 - 5/24/17
3702 Bainbridge Rd, Cleveland Hts., OH - SOLD - $102,000 - 5/25/17
3719 Bainbridge Rd, Cleveland Hts., OH - SOLD - $85,800 - 8/14/17
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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 44118
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 - $950.00
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 $11,400
- Estimated Yearly Expenses $5,700.00
- Yearly Debt service $2,964.11
- Net cash flow after expenses & debt service $2,736.00