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Federico Gutierrez
  • Realtor
  • Cleveland, OH
856
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2,081
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Start making $$$$. SFR already rented for $875/mon. CLEVELAND

Federico Gutierrez
  • Realtor
  • Cleveland, OH
Posted Nov 12 2018, 16:16

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Great investment opportunity - rented at $875/month, tenant pays all utilities and is in a lease until 04/30/19. Really spacious and recently re-done (full interior paint & rehab in Feb 2018) 3 bedroom 1 bathroom bungalow home! Large rear addition 3 seasons/sun porch off the back of the home that overlooks the yard! Living room leads right in to the eat in kitchen that offers a built in microwave! 2 bedrooms on the 1st floor and large 3rd bedroom/carpeted dormer on 2nd floor with built in shelving and drawers! Basement is large and great for storage but unfinished! Laundry room has washer/dryer hook ups! Home has 1 car detached garage! Will be violation free at transfer

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

  • Down payment $ 18125.00
  • Up Front costs $ 3,000.00
  • Estimated Yearly Rents $ 12,000.00
  • Estimated Yearly Expenses $ 6,000.00
  • Yearly Debt service $ 3,306.12
  • Net cash flow after expenses & debt service $2,693.88

CASH ON CASH RETURN 12.8 %

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.

Holton-Wise Property Group - Cleveland -

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Have helped many Bigger pockets members build passive cashflow. Read how I've helped fellow BP members acquire CASH FLOWING investments. What's stopping you from investing? LET'S TALK

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