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$105,900

Under Contract
12208 Ingomar Ave, Cleveland, OH 44108
5 Beds
1 Bath
1,414 Square Feet
0.00 Acres Lot
Built in 1910
Under Contract
Units n/a
Checked: 20 hours ago
Updated: Sep 25, 2025 at 10:00AM

Investment Summary


Monthly Cash Flow
$295
Cap Rate
9.0%
Cash-on-Cash Return
14.5%
Debt Coverage Ratio
1.59
Internal Rate of Return (5 years)
18.2%

Property Description


0.00 Acres Lot
Built in 1910
Under Contract
Units n/a

Welcome to the Glenville Neighborhood. Join the Revitalization! This renovated 5-bedroom, 1 bath Colonial home is a MUST SEE. The home provides great curb appeal which welcomes you into A true GEM boasting over 1,400 + sq/ft, and two floors of living space. This home features 5 large & spacious bedrooms with plenty of closet space, some newer vinyl windows, new laminate flooring throughout the first floor, new carpet on the second and finished third, freshly painted, updated kitchen featuring custom backsplash, new cabinets, updated oversized bathroom, all new fixtures, updated plumbing, newer roof, newer HWT & furnace with an updated electrical system. The large front porch provides a nice place for outdoor entertaining. The property has a traditional living room with built in shelves, large picture windows to bring in all the natural light and a formal dining room with open concept leading to the kitchen. The second floor features 3 bedrooms and large bathroom and the finished 3rd floor provides 2 more bedrooms with closets, baseboard heating and plenty of storage for your family needs. The basement is clean and awaiting your vision. This versatile property is perfect for a family home, an investment opportunity, or a potential group home. Don't miss out on this rare find! Schedule your private showing NOW!!!

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Location


Property Details


Parking

  • Description: NoGarage
  • Details: Driveway, On Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Asbestos Shingle
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 11028040
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1910

Tax Information

  • Annual Tax: $1,208

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Ceiling Fan(s)

Location

  • County: Cuyahoga

Listing Details


Listed by:
Jermaine N Brooks
Keller Williams Greater Metropolitan
(216) 224-4326

Source:
MLS Now
MLS#: 5135964
MLS Now

Investment Summary


Monthly Cash Flow
$295
Cap Rate
9.0%
Cash-on-Cash Return
14.5%
Debt Coverage Ratio
1.59
Internal Rate of Return (5 years)
18.2%

Purchase Details

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Purchase price:
$105,900
Amount financed:
-$84,720
Down payment:
$21,180
Closing costs:
$3,177
Rehab costs:
$0
Initial cash invested:
$24,357
Square feet:
1,414
Cost per square foot:
$75
Monthly rent per square foot:
$0.92

Financing Details

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Loan amount:
$84,720
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$501
Property tax:
$101
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$693

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$101-$1,208
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$426-$5,108

Cash Flow


Monthly Yearly
Net operating income:
$796 $9,552
Mortgage payments:
-$501 -$6,012
Cash flow:
$295 $3,540