3731 E 144th St Cleveland, OH 44120
5bd, 1ba | 1,536sqft | Built in 1945
investment property - 3731 E 144th St, Cleveland, OH 44120, Cuyahoga - image 0
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investment property - 3731 E 144th St, Cleveland, OH 44120, Cuyahoga - image 0
investment property - 3731 E 144th St, Cleveland, OH 44120, Cuyahoga - image 1
investment property - 3731 E 144th St, Cleveland, OH 44120, Cuyahoga - image 2
List Price
$74,000
Initial Investment : $79,724
Purchase Price
$74,000
Down Payment
100%
Rent
$984

Total Return
$25,245
Annualized Return
6.4%
Cap Rate
8.4%
Gross Yield
16.0%
Cash Flow
$5,518
Appreciation
1.0%
Features
Roofstock Certified
Occupancy
Month To Month
Lease Start
09/15/2018 
Lease End
M/M
Lot Size
4,269 
HOA
None
Flood Risk
Not Required
  • Seller willing to replace the furnace prior to COE (with a qualified offer)
  • Built in equity, comps at $87k
  • Great location, 20-minutes outside of Downtown Cleveland
  • Section 8 tenant (100% government paid)
  • Living area includes a finished basement (can be used as 5 bedroom home)
  • Professionally Managed by DAL Capital Property Management (no re-leasing fee if tenant leaves within first 3 months)

Map Data
Map data ©2020 Google
Map DataMap data ©2020 Google
Map data ©2020 Google
Annual Financial Highlight
Expected Rent
$11,218
Expenses
-$3,799
Property Taxes
-$1,900
Loan Payments
$0

Net Cash Flow
$5,518
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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