7411 Elton Ave

Cleveland, OH 44102
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3 bd, 1 ba | 1,069 sqft | Built in 1905

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List Price
$120,000

Initial Investment

$32,700

Purchase Price

$120,000

Down Payment

25%

Rent

$1,200

Total Return

$73,791

Annualized Return

29.4%

Cap Rate

8.4%

Gross Yield

12%

Cash Flow

$2,827

Appreciation

8.4%
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Features

Occupancy

Vacant

Lot Size

4,410

HOA

None

Flood Risk

Not Required

Welcome to 7411 Elton Avenue, a fantastic opportunity in Cleveland, Ohio! This turn-key three-bedroom, one-bathroom bungalow with a full unfinished basement is perfect for both owner occupants and investors alike.
Step inside to discover a cozy, completely renovated living space featuring three well-appointed bedrooms, ideal for accommodating a family or generating a prosperous rental income. The shared bathroom is conveniently situated, while the kitchen offers modern appliances and ample storage space.
The full unfinished basement presents endless possibilities, whether you choose to utilize it for additional living space or as a storage area.
Located in a desirable neighborhood, this property offers potential for strong rental income, with similar-sized properties fetching between $1100 and $1300 per month in rent. Don't miss the chance to capitalize on Cleveland's thriving rental market!
Conveniently positioned near schools, parks, shopping, dining, and major transportation routes, this bungalow provides both comfort and convenience for residents and tenants alike.
Whether you're looking for a place to call home or seeking a lucrative investment opportunity, 7411 Elton Avenue is the perfect choice. Schedule your showing today and seize the opportunity to own or invest in this versatile property!

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,417

Property Taxes

-$912

Loan Payments

-$6,524

Net Cash Flow

$2,827

See more in Financials

Property Characteristics

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.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:Alex Johnson
Agent License 2007002717
Real Estate Quest, LLC
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5028333
Last Updated: 04/05/2024 17:04
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