Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$159,900

Sold
703 Tournament Trl, Cortland, OH 44410
2 Beds
2 Baths
1,480 Square Feet
0.00 Acres Lot
Built in 1988
Sold
Units n/a
Checked: 13 hours ago
Updated: Jul 19, 2025 at 04:40AM

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
-$1
Cap Rate
5.7%
Cash-on-Cash Return
0.0%
Debt Coverage Ratio
1.00
Internal Rate of Return (5 years)
4.0%

Property Description


0.00 Acres Lot
Built in 1988
Sold
Units n/a

This could be your next home, plenty of light throughout. Family room has gas log fireplace. Slider door out to patio has been replaced as well as the patio. Roof was replace about 8 years ago & the skylights were replaced at that same time. Master bedroom has a nice spacious walk-in closet & it's own bathroom. There is a full basement that has plenty of room to finish off. High efficiency furnace makes for lower utility bills. A nice brook runs behind the home.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Attached, DirectAccess, Garage
  • Details: Attached, Direct Access, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Material: Asphalt, Fiberglass

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $346

Land Information

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

Lot Information

  • Parcel ID: 34107125
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Ranch
  • Year Built: 1988

Tax Information

  • Annual Tax: $2,516

Utilities

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

Location

  • County: Trumbull

Listing Details


Listed by:
Cheryl B Stevens
William Zamarelli, Inc.
(330) 883-3966

Source:
MLS Now
MLS#: 5103252
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
-$1
Cap Rate
5.7%
Cash-on-Cash Return
0.0%
Debt Coverage Ratio
1.00
Internal Rate of Return (5 years)
4.0%

Purchase Details

Find an Agent

Purchase price:
$159,900
Amount financed:
-$127,920
Down payment:
$31,980
Closing costs:
$4,797
Rehab costs:
$0
Initial cash invested:
$36,777
Square feet:
1,480
Cost per square foot:
$108
Monthly rent per square foot:
$0.95

Financing Details

Find a Lender

Loan amount:
$127,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$757
Property tax:
$210
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,065

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$210-$2,516
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$560-$6,716

Cash Flow


Monthly Yearly
Net operating income:
$756 $9,072
Mortgage payments:
-$757 -$9,084
Cash flow:
$1 $12