36501 Spindrift Dr

Eastlake, OH 44095
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3 bd, 2 ba | 1,414 sqft | Built in 1974

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,750

Total Return

$71,285

Annualized Return

19.3%

Cap Rate

6.1%

Gross Yield

11.1%

Cash Flow

$514

Appreciation

6.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,851

HOA

None

Flood Risk

Not Required

Welcome to 36501 Spindrift Drive in Eastlake—a charming 3-bedroom, 1.5-bathroom bi-level home offering space, functionality, and tons of potential. This solidly built home features a bright and inviting living room that flows into the dining area and kitchen—perfect for everyday living or entertaining. Upstairs, you’ll find three comfortably sized bedrooms and a full bath, while the lower level offers a spacious family room, half bath, and laundry area—ideal for a playroom, home office, or additional living space. With good bones and a great solid strong structure, this home is ready for your special touch to bring it to life and make it your own. Step outside to enjoy a large back deck, perfect for summer barbecues and relaxing evenings. The two storage sheds provide plenty of space for potting plants, tools, equipment, or hobbies and the spacious backyard has room to roam. An attached two car garage adds convenience for everyday living with additional storage space! The front landscaping has been completely redone for fresh curb appeal that welcomes you home! Located just minutes from Surfside Community Park and the Eastlake Marina, you’ll love the easy access to lakefront recreation, walking trails, and seasonal events. Don’t miss your chance to turn this Eastlake gem into your dream home—schedule your private showing today! The Seller is offering a one year home warranty through America's Preferred Home Warranty, to provide an additional level of comfort for your first year!

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$19,950

Expenses

-$3,962

Property Taxes

-$5,150

Loan Payments

-$10,324

Net Cash Flow

$514

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:Mena Ruggiero
Agent License 2020009175
The Agency Cleveland Northcoast
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5113526
Last Updated: 04/19/2025 02:04
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