3491 Ingleside Rd

Shaker Heights, OH 44122
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4 bd, 3 ba | 1,698 sqft | Built in 1930

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$2,140

Total Return

$74,816

Annualized Return

14.2%

Cap Rate

4.7%

Gross Yield

9.3%

Cash Flow

-$2,879

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Extremely unique. Loved and cared for by one owner for the past many years, this home exemplifies the Van Sweringens' exceptional architectural work. The home features a thick slate floor in the entryway, solid wood banister and beams and original windows throughout. Great screened in porches, original bathrooms, lovely grounds, and plenty of rooms with built-ins and archways. The third floor has small private bedroom and bath. Waterproofed basement. The home shares garage (with new garage door), and water line with the house next door. Buyer to assume Shaker Hts. point of sale violations, list attached above.

See more in Analysis
Melissa Lupton
eXp Realty (Melissa Lupton)
OH Agent License #2014004675

Annual Financial Highlights

Expected Rent

$24,396

Expenses

-$4,425

Property Taxes

-$7,900

Loan Payments

-$14,950

Net Cash Flow

-$2,879

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:Elizabeth Paskin
Agent License 2003009772
Progressive Urban Real Estate
Certified Agent Brokerage:Melissa Lupton
eXp Realty (Melissa Lupton)
OH Brokerage License 2016006021
SourceMLS Now
MLS #4490988
Last Updated: 09/19/2023 11:09
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