18502 Winslow Rd

Shaker Heights, OH 44122
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7 bd, 3 ba | 2,550 sqft | Built in 1927

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List Price
$229,000

Initial Investment

$61,150

Purchase Price

$220,000

Down Payment

25%

Rent

$800

Total Return

-$1,905

Annualized Return

-0.4%

Cap Rate

-0.6%

Gross Yield

4.4%

Cash Flow

-$13,710

Appreciation

5.8%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Property Type

Duplex

Lot Size

5,850

HOA

None

Flood Risk

Not Required

Well-maintained multi-family in the Winslow Road Historic District. Lower unit has 2 bedrooms and 1 full bath. It currently has a tenant. The upper unit is 2 stories with 2 bedrooms and 1 bath on the second floor, and 3 bedrooms and 1 bath on the third floor. Great opportunity to live in the upper unit and rent the lower unit to help pay your mortgage! Upper unit has a new granite countertop, kitchen floor, and carpeting in the bedrooms. Property will be point of sale compliant before closing.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Ben Smalley
Rearden Realty
OH Agent License #2020001319

Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$2,869

Property Taxes

-$8,000

Loan Payments

-$11,960

Net Cash Flow

-$13,710

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:Geoffrey Hoffman
Howard Hanna
Certified Agent Brokerage:Ben Smalley
Rearden Realty
OH Brokerage License 379670
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4323765
Last Updated: 10/20/2021 17:10
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.