3712 W 103rd St

Cleveland, OH 44111
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3 bd, 1 ba | 1,010 sqft | Built in 1930

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List Price
$124,900

Initial Investment

$34,035

Purchase Price

$124,900

Down Payment

25%

Rent

$1,190

Total Return

$50,541

Annualized Return

20.3%

Cap Rate

6.2%

Gross Yield

11.4%

Cash Flow

$324

Appreciation

6.9%
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Features

Lot Size

3,850

HOA

None

Flood Risk

Not Required

Welcome to this beautifully renovated home! Perfect for a turn-key rental, air bnb, or future flip opportunity. This cozy three bedroom, one bathroom bungalow style home offers you the convenience of one floor living with an additional second floor level, which can be used as an additional bedroom, storage space, office, etc. The property is conveniently located near two highways (I-90 and I-71). This makes it perfect for commuters, especially since the property is 15 minutes from downtown Cleveland and only 10-15 minutes away from Cleveland Clinic Fairview Hospital, as well as Metro Health. Upon entering the home you'll find the bright living room freshly painted in a neutral beige with new gray wood-grain laminate flooring. The new flooring and paint carry on throughout the entire home, except for the stairs and upper floor, which have new carpeting. The kitchen boasts brand new cabinets, counters, back splash, sink, and faucet. The bathroom has newly installed floor to ceiling tile, new vanity, and toilet. Not to mention, a gorgeous sunroom addition separated by sliding single pane doors. And, it currently has a tenant inside currently paying $1200 with a year lease. Don’t miss out!

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

Expected Rent

$13,566

Expenses

-$3,202

Property Taxes

-$3,250

Loan Payments

-$6,790

Net Cash Flow

$324

See more in Financials

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.
  • Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
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  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

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.

Similar Listings



Listing Courtesy of:Gabriel Newberry
Agent License 2021006563
Keller Williams Greater Metropolitan
Certified Agent Brokerage:Melissa Lupton
eXp Realty (Melissa Lupton)
OH Brokerage License 2016006021
SourceMLS Now
MLS #4445175
Last Updated: 03/18/2023 02:03
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