Maple Heights SFR. RENTED @ $850/month. Newer mechanicals

[Federico Gutierrez]

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This 3 bed 1 bath cape cod home is an excellent investment property. In the sought-after city of Maple Heights, it is conveniently located near schools, restaurants, entertainment and a nature reservation. There is a spacious living room, a eat-in kitchen with plenty of cabinet and counter space, 3 bedrooms and a full bath on the main floor. The basement is unfinished but perfect for storage and a laundry area with utility sink. The home also has a front porch, a large single car garage with covered patio area and a newer driveway. Tenant occupied with a lease through 08/01/19 and with a monthly rent of $850. Buyer to assume POS violation.

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

• Down payment $ 15000.00
• Up Front costs $ 2000.00
• Estimated Yearly Rents $ 10,200.00
• Estimated Yearly Expenses $5,100.00
• Yearly Debt service $ 2,736.10
• Net cash flow after expenses & debt service $2,363.90

CASH ON CASH RETURN 13.9 %

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*Featured properties is listed by the office/agent presenting this brochure