17707 Chagrin Blvd

Shaker Heights, OH 44122
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4 bd, 3 ba | 2,475 sqft | Built in 1930

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List Price
$260,000

Initial Investment

$70,850

Purchase Price

$260,000

Down Payment

25%

Rent

$2,300

Total Return

$77,612

Annualized Return

15.6%

Cap Rate

5.3%

Gross Yield

10.6%

Cash Flow

-$1,427

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

A true Van Sweringen stone and brick beauty made of quality materials. Original architectural features include gorgeous fireplaces, beamed ceilings, thick solid wood doors, walls of wood, and screened in porch. Situated on lovely grounds and includes an extra lot. Waterproofed basement and new garage door. There is a sister-house next door with which this one shares a garage and water line. The extra lot included would be perfect if one wanted to build a garage solely for the property. Close to the vibrant Van Aken District and all the area shopping. Property is being sold "as is" and buyer to assume point of sale inspection violations.

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

Annual Financial Highlights

Expected Rent

$26,220

Expenses

-$6,062

Property Taxes

-$7,450

Loan Payments

-$14,135

Net Cash Flow

-$1,427

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:Elizabeth Paskin
Agent License 2003009772
Progressive Urban Real Estate
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #4490980
Last Updated: 09/19/2023 11:09
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