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$199,900

For Sale - Active
3404 Cedarbrook Rd, Cleveland Heights, OH 44118
3 Beds
3 Baths
2,014 Square Feet
0.00 Acres Lot
Built in 1920
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Jun 05, 2025 at 03:00AM

Investment Summary


Monthly Cash Flow
-$354
Cap Rate
4.2%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-5.0%

Property Description


0.00 Acres Lot
Built in 1920
For Sale - Active
Units n/a

Welcome to this charming 3-bedroom, 1-full bath, and 2-half bath home in Cleveland Heights. With a newly renovated kitchen featuring all-new 2025 stainless steel appliances, this home offers modern comforts combined with classic appeal. Updates include a new furnace, central air, hot water tank, and windows. The spacious attic provides ample storage or the perfect opportunity for a recreational space. Outside, you'll find a detached 2-car garage, offering convenience and additional storage. Whether you're looking for a comfortable family home or a place to entertain, this property offers both practicality and style in a desirable neighborhood. Don't miss out on this fantastic opportunity. Property will be Point of Sale Compliant. Virtually staged.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: 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: 68707146
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1920

Tax Information

  • Annual Tax: $4,929

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cuyahoga

Listing Details


Listed by:
Shoshana Socher
Keller Williams Greater Metropolitan
(216) 255-7377

Source:
MLS Now
MLS#: 5101031
MLS Now

Investment Summary


Monthly Cash Flow
-$354
Cap Rate
4.2%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$199,900
Amount financed:
-$159,920
Down payment:
$39,980
Closing costs:
$5,997
Rehab costs:
$0
Initial cash invested:
$45,977
Square feet:
2,014
Cost per square foot:
$99
Monthly rent per square foot:
$0.79

Financing Details

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Loan amount:
$159,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,047
Property tax:
$411
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,570

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (26%)
26%-$411-$4,929
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (51%)
51%-$811-$9,729

Cash Flow


Monthly Yearly
Net operating income:
$693 $8,316
Mortgage payments:
-$1,047 -$12,564
Cash flow:
$354 $4,248