Investor Alert! Turnkey rental opportunity with solid returns and a tenant already in place! This well-maintained 4 bedroom, 2 full bathroom home generates $1,550/month in rent and delivers strong performance metrics ? a 10.12% cap rate and an impressive 13.87% cash-on-cash ROI. With low monthly expenses of just $1,207.38, this investment provides a steady cash flow of $342.62/month right out of the gate. Financing terms are favorable with a 7% interest rate, 30-year amortization, and only $29,640 total cash needed to get in. At a purchase price of $110,000, this property is a smart addition to any portfolio ? whether you're a seasoned investor seeking reliable passive income or a first-timer looking to build equity fast. Properties offering this kind of ROI, stability, and simplicity don't come around often ? act fast before it's gone!
Listed By
Agency Name: Keller Williams Living
Agency Contact: 216-319-5069, irenemolnarrealtor@gmail.com
Shown By
Agent Name: Paula Leonardi Ducato
Agent Phone: Cell: (330) 907-8381
Agency Title: Key Realty
Estimated Payment
$ 775.98 per month $615.31 Principal & Interest $128.58 Property Tax $32.08 Homeowner's Insurance
13314 Garden Road | MLS# 5166760
This single family home located at 13314 Garden Road, East Cleveland, OH 44112 is currently listed for sale with an asking price of $110,000. This property was built in 1920 and has 4 bedrooms and 2 full baths with 1670 sq. ft. Garden Road is located in the Adam Graham Allotment subdivision within the East Cleveland City school district. Search Adam Graham Allotment real estate on www.theducatoteam.com today.