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$399,900

Sale Pending
29119 Edgewood Rd, Bay Village, OH 44140
5 Beds
2 Baths
1,972 Square Feet
0.00 Acres Lot
Built in 1870
Sale Pending
Units n/a
Checked: 6 hours ago
Updated: Aug 19, 2025 at 10:24AM

Investment Summary


Monthly Cash Flow
-$584
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Property Description


0.00 Acres Lot
Built in 1870
Sale Pending
Units n/a

Offered for the first time in over 50 years, this well-maintained Colonial—originally built in 1870—sits on a beautifully landscaped, oversized lot that overlooks a peaceful creek. Enjoy outdoor living with a rear deck, fenced backyard, and a 2-car detached garage connected by a breezeway. Inside, the home features a spacious living room with a fireplace, a formal dining room, an updated kitchen, and a first-floor bedroom (or family room) that also includes a fireplace. There are two full baths and updated mechanicals throughout the home. While some areas could benefit from cosmetic updates, the home has been lovingly cared for and offers timeless character with modern potential.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Partial, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Asphalt, Fiberglass

Land Information

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

Lot Information

  • Parcel ID: 20211004
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1870

Tax Information

  • Annual Tax: $4,998

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Cuyahoga

Listing Details


Listed by:
Roman B Tarnawsky
Lokal Real Estate, LLC.
(440) 465-6590

Source:
MLS Now
MLS#: 5131284
MLS Now

Investment Summary


Monthly Cash Flow
-$584
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
1,972
Cost per square foot:
$203
Monthly rent per square foot:
$1.27

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,892
Property tax:
$417
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,484

Operating Income

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% 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: (17%)
17%-$417-$4,998
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: (42%)
42%-$1,042-$12,498

Cash Flow


Monthly Yearly
Net operating income:
$1,308 $15,696
Mortgage payments:
-$1,892 -$22,704
Cash flow:
$584 $7,008