14720 Coit Rd

Cleveland, OH 44110
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4 bd, 2 ba | 2,032 sqft | Built in 1919

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Sale Pending

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Cash Only

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List Price
$132,000

Initial Investment

$133,980
Pre-approval letter or proof of funds required.

Purchase Price

$132,000

Down Payment

100%

Rent

$1,700

Total Return

$93,813

Annualized Return

12.9%

Cap Rate

9.9%

Gross Yield

15.5%

Cash Flow

$12,107

Appreciation

5.1%
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Features

Occupancy

Occupied

Lease Start

09/17/2021

Lease End

08/31/2023

Property Type

Duplex

Lot Size

3,999

HOA

None

Flood Risk

Not Required

Fully occupied home with favorable cap rate. Close to parks, shopping, and highways.

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Annual Financial Highlights

Expected Rent

$19,380

Expenses

-$5,973

Property Taxes

-$1,300

Loan Payments

$0

Net Cash Flow

$12,107

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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