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$104,900

For Sale - Active
7104 Dearborn Ave, Cleveland, OH 44102
2 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1916
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jun 17, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$12
Cap Rate
6.1%
Cash-on-Cash Return
-0.6%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.4%

Property Description


0.00 Acres Lot
Built in 1916
For Sale - Active
Units n/a

a rare find 2 small single family homes and a vacant lot for one low price*both homes need rehab and updating*good location close to all amenities and i90*tenants pay 500/ mo each unit*great investment property to add to your investors portfolio or live in*included in an adjacent vacant lot as well*both properties are occupied month to month*priced to sell*

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Location


Property Details


Parking

  • Description: Driveway
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Attic: Yes

Exterior Features

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

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 00628051
  • Lot Size: 0 sqft

Property Information

  • Property Type: Duplex
  • Year Built: 1916

Tax Information

  • Annual Tax: $1,011

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: None

Location

  • County: Cuyahoga

Listing Details


Listed by:
Charles D Amato
Century 21 Premiere Properties, Inc.
(440) 342-5453

Source:
MLS Now
MLS#: 5029240
MLS Now

Investment Summary


Monthly Cash Flow
-$12
Cap Rate
6.1%
Cash-on-Cash Return
-0.6%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.4%

Purchase Details

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Purchase price:
$104,900
Amount financed:
-$83,920
Down payment:
$20,980
Closing costs:
$3,147
Rehab costs:
$0
Initial cash invested:
$24,127
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$83,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$549
Property tax:
$84
Insurance:
$63
Private mortgage insurance (PMI):
$0
Monthly payment:
$696

Operating Income

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% Rent Monthly Yearly
Gross rent:
$900 $10,800
Vacancy loss: (6%)
6% -$54 -$648
Operating income:
$846 $10,152

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$84-$1,011
Insurance: (7%)
7%-$63-$756
Property management: (8%)
8%-$72-$864
Repairs & maintenance: (5%)
5%-$45-$540
Capital expenditures: (5%)
5%-$45-$540
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$309-$3,711

Cash Flow


Monthly Yearly
Net operating income:
$537 $6,444
Mortgage payments:
-$549 -$6,588
Cash flow:
$12 $144