1853 Mannering Rd

Cleveland, OH 44112
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5 bd, 3 ba | 2,970 sqft | Built in 1919

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For Sale

Exclusive

Cash Only

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List Price
$187,000

Initial Investment

$189,805
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$187,000

Down Payment

100%

Rent

$2,450

Total Return

$164,124

Annualized Return

15.3%

Cap Rate

10.1%

Gross Yield

15.7%

Cash Flow

$17,857

Appreciation

7.5%
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Features

Occupancy

Vacant

Property Type

Triplex

Lot Size

5,600

HOA

None

Flood Risk

Not Required

Partially occupied investment home. Great opportunity for an investment while living in one of the vacant units.

See more in Analysis

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Annual Financial Highlights

Expected Rent

$27,930

Expenses

-$8,273

Property Taxes

-$1,800

Loan Payments

$0

Net Cash Flow

$17,857

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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