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$175,000

For Sale - Active
19015 Van Aken Blvd Apt 212, Shaker Heights, OH 44122
3 Beds
3 Baths
0 Square Feet
0.00 Acres Lot
Built in 1951
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 22, 2025 at 08:34PM

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
-$294
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Property Description


0.00 Acres Lot
Built in 1951
For Sale - Active
Units n/a

The Barclay is a charming condominium building located in Shaker Heights. This condo unit 406 featuring a spacious 1,602 square feet layout. This suite boasts three well-appointed bedrooms, providing ample space for relaxation and privacy. The condo includes 2 full baths and 1 half bath each equipped with contemporary fixtures and finishes. The bathrooms ensure convenience and comfort for everyone. The kitchen and dining area have an open room concept. There is a washer and dryer space off of the kitchen to add more convenience to this suite. Ownership of the suite provides an assigned garage space. Residents of The Barclay may also enjoy additional amenities such as an entry lounge that is open and large enough to allow a meeting space. Additionally, there is a community room, laundry room and a guest suite in now under construction. Also, a new popular patio. Its location in Shaker Heights provides easy access to the Van Aken Plaza and the Van Aken Market District with shopping, dining, and cultural attractions, making it a desirable place to call home.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 0
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Flat
  • Roof Material: Flat

HOA

  • Has HOA: Yes
  • Association: The Barclay
  • HOA Fee: $1,140
  • Additional HOA Fee: $1,140

Land Information

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

Lot Information

  • Parcel ID: 73607920D
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: High Rise
  • Year Built: 1951

Tax Information

  • Annual Tax: $3,528

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard, Hot Water, Steam
  • Cooling: Central Air

Location

  • County: Cuyahoga

Listing Details


Listed by:
Stephanie Turner
McMullan Realty, Inc.
(216) 256-6939

Source:
MLS Now
MLS#: 5118895
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
-$294
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Purchase Details

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Purchase price:
$175,000
Amount financed:
-$140,000
Down payment:
$35,000
Closing costs:
$5,250
Rehab costs:
$0
Initial cash invested:
$40,250
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$140,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$828
Property tax:
$294
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,206

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$294-$3,528
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (50%)
50%-$594-$7,128

Cash Flow


Monthly Yearly
Net operating income:
$534 $6,408
Mortgage payments:
-$828 -$9,936
Cash flow:
$294 $3,528