3178 W 41st St

Cleveland, OH 44109
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2 bd, 1 ba | 1,212 sqft | Built in 1890

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List Price
$125,000

Initial Investment

$34,063

Purchase Price

$125,000

Down Payment

25%

Rent

$1,300

Total Return

$90,971

Annualized Return

33.2%

Cap Rate

8.9%

Gross Yield

12.5%

Cash Flow

$3,605

Appreciation

9.6%
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Features

Occupancy

Vacant

Lot Size

5,600

HOA

None

Flood Risk

Not Required

Discover the potential of 3178 W 41st Street—a charming turnkey 2-bedroom, 1-bath colonial located in the heart of Cleveland, OH 44109. Ideal for owner-occupants seeking to personalize their space or investors looking to expand their portfolio, this property promises an expected rental income of approximately $1,200 per month.
While this home boasts incredible potential, it requires some renovations to reach its full glory. With a touch of creativity and investment, this property can be transformed into a true gem, offering endless possibilities for its future owner.
Situated in a desirable location, convenience meets opportunity as you envision the possibilities of this colonial residence. Don't miss out on the chance to make this property your own—schedule a viewing today and unlock its full potential!

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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

$14,820

Expenses

-$3,781

Property Taxes

-$638

Loan Payments

-$6,796

Net Cash Flow

$3,605

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:Alex Johnson
Agent License 2007002717
Real Estate Quest, LLC
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5030721
Last Updated: 04/17/2024 15:04
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.