3731 E 144th St

Cleveland, OH 44120
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5 bd, 1 ba | 1,536 sqft | Built in 1945

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List Price
$74,000

Initial Investment

$23,669

Purchase Price

$71,600

Down Payment

25%

Rent

$984

Total Return

$43,334

Annualized Return

25.1%

Cap Rate

8.6%

Gross Yield

16.5%

Cash Flow

$1,566

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

09/15/2018

Lease End

04/01/2021

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)
  • Seller recently made repairs on home, view inspection documents for more info
  • August rent has been paid. See ledger in diligence vault
  • October rent has been paid. See ledger in diligence documents

See more in Analysis

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Annual Financial Highlights

Expected Rent

$11,218

Expenses

-$3,859

Property Taxes

-$1,900

Loan Payments

-$3,893

Net Cash Flow

$1,566

See more in Financials

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