474 E 128th St

Cleveland, OH 44108
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5 bd, 2 ba | 2,569 sqft | Built in 1916

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For Sale

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Cash Only

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List Price
$163,000

Initial Investment

$165,445
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$163,000

Down Payment

100%

Rent

$850

Total Return

$65,488

Annualized Return

7.3%

Cap Rate

3.6%

Gross Yield

6.3%

Cash Flow

$5,465

Appreciation

5.1%
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Features

Occupancy

Occupied

Lease Start

02/15/2021

Lease End

02/28/2023

Property Type

Duplex

Lot Size

3,502

HOA

None

Flood Risk

Not Required

Tenant in place in Unit 1 with Unit 2 standing as vacant. Great opportunity for an investment while living in opposite side.

See more in Analysis

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,025

Property Taxes

-$1,200

Loan Payments

$0

Net Cash Flow

$5,465

See more in Financials

Property Characteristics

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.
  • 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.

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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