4141 Eastway Rd

South Euclid, OH 44121
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4 bd, 2 ba | 1,619 sqft | Built in 1948

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List Price
$149,900

Initial Investment

$39,540

Purchase Price

$140,000

Down Payment

25%

Rent

$1,509

Total Return

$66,718

Annualized Return

21.8%

Cap Rate

5.8%

Gross Yield

12.9%

Cash Flow

-$312

Appreciation

8.5%
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Features
Roofstock Certified

Occupancy

Occupied

Lease Up Guarantee

Yes

Lease Start

09/25/2019

Lease End

09/27/2023

Lot Size

8,745

HOA

None

Flood Risk

Not Required

  • Lease renewed September 2021 at $1509, expiring Sept 27, 2023
  • Pet fee included in monthly rent of $35
  • Beautifully remodeled 4 bedroom, 2 bathroom South Euclid home. Perfectly located in a high quality neighborhood near Cleveland Clinic and Case Western Reserve University.
  • Brand new kitchen (2019) with stainless steel appliances and granite countertops. New water heater and boiler for central heat (2020). Fully updated bathroom on each level (2019). Upgraded electrical Panel (07/30/2021). New floors and carpet installed (2019). Spacious family and living rooms with large windows. Garage with new vinyl siding (2019) and roof (2021). New garage door opener (2021).

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Annual Financial Highlights

Expected Rent

$17,203

Expenses

-$4,803

Property Taxes

-$5,100

Loan Payments

-$7,611

Net Cash Flow

-$312

See more in Financials

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