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$299,900

For Sale - Active
1450 Burrard Ct Unit 19, Willoughby, OH 44094
3 Beds
3 Baths
1,730 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
1 Units
Checked: 3 hours ago
Updated: Jun 10, 2025 at 11:32PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$84
Cap Rate
5.3%
Cash-on-Cash Return
-1.5%
Debt Coverage Ratio
0.94
Internal Rate of Return (5 years)
2.6%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
1 Units

Welcome to effortless living in this impeccably cared-for ranch-style condo in Cross Creek, tucked away on a quiet street. Offering 3 bedrooms and 2.5 baths, this home features a spacious open floor plan that has been lovingly maintained and feels nearly new. Step through the foyer, complete with a coat closet, into a light-filled great room with vaulted ceilings and a warm gas fireplace at the center. The dining area flows seamlessly into a well-appointed kitchen with abundant cabinetry and a central island for easy meal prep and casual gatherings. The front bedroom is ideal as a guest room or a quiet office space. The primary suite includes dual closets—one a walk-in—and a serene ensuite bath with both a soaking tub and separate shower. A third bedroom and full bath offer added flexibility. The attached two-car garage includes additional storage options, while the private patio provides a lovely outdoor retreat. Perfect for buyers seeking easy, low-maintenance living in a quiet community!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Material: Asphalt

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $294

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 27B053D020610
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Ranch
  • Year Built: 2007

Tax Information

  • Annual Tax: $4,681

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Lake

Listing Details


Listed by:
Karen A Eagle
Elite Sotheby's International Realty
(216) 352-4700

Source:
MLS Now
MLS#: 5129760
MLS Now

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$84
Cap Rate
5.3%
Cash-on-Cash Return
-1.5%
Debt Coverage Ratio
0.94
Internal Rate of Return (5 years)
2.6%

Purchase Details

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Purchase price:
$299,900
Amount financed:
-$239,920
Down payment:
$59,980
Closing costs:
$8,997
Rehab costs:
$0
Initial cash invested:
$68,977
Square feet:
1,730
Cost per square foot:
$173
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$239,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,419
Property tax:
$390
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,984

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$390-$4,681
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,015-$12,181

Cash Flow


Monthly Yearly
Net operating income:
$1,335 $16,020
Mortgage payments:
-$1,419 -$17,028
Cash flow:
$84 $1,008