3543 W 50th St

Cleveland, OH 44102
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6 bd, 2 ba | 1,908 sqft | Built in 1900

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List Price
$100,000

Initial Investment

$32,388

Purchase Price

$95,000

Down Payment

25%

Rent

$1,450

Total Return

$66,004

Annualized Return

29.7%

Cap Rate

11.5%

Gross Yield

18.3%

Cash Flow

$4,892

Appreciation

8.4%
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Features

Occupancy

Lease Start

-

Lease End

-

Property Type

Duplex

Lot Size

5,520

HOA

None

Flood Risk

Not Required

Income producing Duplex on the West Side! Each unit has Living Rm, Dining R, Kitchen, 3 bedrooms and 1 full bathroom. Covered Front Porch. Walk up attic is ideal for additional storage. Full, unfinished basement with laundry area plus even more storage. 1 new hot water tank. Basement also has exterior staircase as well. Great Investment property to add to your portfolio!

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

$16,530

Expenses

-$5,586

Property Taxes

-$888

Loan Payments

-$5,165

Net Cash Flow

$4,892

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:Joseph Zingales
BHHS Professional Realty
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4371484
Last Updated: 05/19/2022 09:05
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.