12627 Franklin Blvd
Lakewood, OH 44107
List Price
$345,000
Initial Investment
$94,013Purchase Price
$345,000
Down Payment
25%
Rent
$2,900
Total Return
$199,171
Annualized Return
26.2%
Cap Rate
6.3%
Gross Yield
10.1%
Cash Flow
$1,757
Appreciation
9.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Property Type
Duplex
Lot Size
5,656
HOA
None
Flood Risk
Not Required
Welcome to 12627 Franklin Blvd in Lakewood, OH! This spacious 6-bedroom, 2-bathroom property presents a fantastic investment opportunity. Partially occupied with a tenant providing $1,400 per month, with a lease ending on 2/26/2025, this property offers immediate cash flow.
The vacant unit is awaiting renovation but has the potential to generate $1,500 in monthly income once rehabbed, offering even greater returns for savvy investors.
Conveniently located near downtown Cleveland, shopping, and vibrant nightlife, this property appeals to both tenants and owners alike. Whether you're looking to expand your investment portfolio or seeking a place to call home with rental income potential, 12627 Franklin Blvd has plenty to offer. Don't miss out – schedule a viewing today and seize this exciting opportunity!
See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717
Annual Financial Highlights
Expected Rent
$33,060Expenses
-$7,192Property Taxes
-$5,355Loan Payments
-$18,756Net Cash Flow
$1,757See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Alex Johnson
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OH Brokerage License 2004018595
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SourceMLS Now
MLS #5029287
Last Updated: 04/17/2024 15:04
MLS #5029287
Last Updated: 04/17/2024 15:04