13829 Courtland Ave

Cleveland, OH 44111
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3 bd, 2 ba | 1,128 sqft | Built in 1940

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List Price
$119,900

$15K

Initial Investment

$32,673

Purchase Price

$119,900

Down Payment

25%

Rent

$1,260

Total Return

$49,859

Annualized Return

20.9%

Cap Rate

6.5%

Gross Yield

12.6%

Cash Flow

$564

Appreciation

6.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,000

HOA

None

Flood Risk

Not Required

Whether you're looking for your first starter home or wanting to build your rental portfolio, this single-family home has plenty to offer! This home is fully renovated including updated electrical, new storm doors and central air! You are welcomed into the living room that features new floors that continue throughout the home! The living room has tons of natural light with multiple new windows that continue throughout the home! The decorative fireplace gives this room plenty of charm! Continue through to the eat-in kitchen featuring beautiful wooden cabinets and plenty of counterspace! Two of the bedrooms are located downstairs, each with closet space and brightly lit with new windows! The full bathroom is conveniently located on the first floor with tiled walls and a tub/shower combination! Proceed upstairs where you will find the incredibly spacious third bedroom! Tons of natural light along with new flooring throughout the room! The built-in shelves add character and space for storage! Continue down to the full basement with a convenient half bath and laundry area! The basement has been waterproofed as well! This home has a new furnace and new water heater! Outside you will find a fenced in backyard complete with a one car garage and deck! The exterior features vinyl siding and a paved driveway! This home is located near shopping, food, public transit and easy highway access! Don't miss out on this solid property - schedule a showing to see it for yourself!

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$14,364

Expenses

-$3,632

Property Taxes

-$3,650

Loan Payments

-$6,518

Net Cash Flow

$564

See 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:Michael Azzam
Agent License 2014004734
RE/MAX Haven Realty
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #4493217
Last Updated: 11/06/2023 20:11
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