1883 SKYLINE DR

RICHMOND HEIGHTS, OH 44143
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3 bd, 2 ba | 1,344 sqft | Built in 1954

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List Price
$175,000

Initial Investment

$47,688

Purchase Price

$175,000

Down Payment

25%

Rent

$1,360

Total Return

$61,078

Annualized Return

17.3%

Cap Rate

4.9%

Gross Yield

9.3%

Cash Flow

-$1,570

Appreciation

7.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

14,005

HOA

None

Flood Risk

Not Required

Great chance to own this income producing property in the heart of Richmond Hts. Perfect location close to everything this city has to offer. Home features three bedrooms and one and a half bathrooms. Well-maintained under property management. Hurry to take advantage of this amazing opportunity before it's too late!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$15,504

Expenses

-$2,810

Property Taxes

-$4,750

Loan Payments

-$9,514

Net Cash Flow

-$1,570

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:Christopher Knight
Agent License 2017004309
Christopher Knight
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5108386
Last Updated: 03/21/2025 08:03
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.