19000 Locherie Ave

Euclid, OH 44119
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3 bd, 1 ba | 1,397 sqft | Built in 1918

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List Price
$85,000

Initial Investment

$25,676

Purchase Price

$81,000

Down Payment

25%

Rent

$975

Total Return

$38,527

Annualized Return

20.4%

Cap Rate

6.5%

Gross Yield

14.4%

Cash Flow

$167

Appreciation

8.7%
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Features

Occupancy

Occupied

Lease Start

11/08/2019

Lease End

11/09/2020

Lot Size

7,000

HOA

None

Flood Risk

Not Required

  • 2018 New Roof and New Half Bath
  • New Amazon warehouse in nearby Euclid
  • Tenant's rent is fully guaranteed by Cuyahoga County, almost a full year left on the lease
  • 2018 New waterproofing done in basement and concrete slabs were poured to repair driveway
  • Tenant's family manages and maintains property (mother is PM and brother is handyman)
  • Seller recently made repairs on home, view inspection documents for more info
  • August rent has been paid. See ledger in diligence vault

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Annual Financial Highlights

Expected Rent

$11,115

Expenses

-$3,544

Property Taxes

-$3,000

Loan Payments

-$4,404

Net Cash Flow

$167

See more in Financials

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