7616 Thornton Dr
Parma, OH 44129
List Price
$169,900
$5.1K
Initial Investment
$50,298Purchase Price
$169,900
Down Payment
25%
Rent
$1,628
Total Return
$76,009
Annualized Return
20.5%
Cap Rate
6.1%
Gross Yield
11.5%
Cash Flow
$353
Appreciation
7.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Lease Up Guarantee
Yes
Lot Size
5,600
HOA
None
Flood Risk
Not Required
Welcome to 7616 Thornton Dr. This cozy Cape Cod style home boasts 3 bedrooms and 2 baths. Perfect for families who like to relax as it is situated on a quiet street and features a spacious walk out deck. Conveniently located near parks and shopping, you're gonna want to see this one-Schedule you're showing today!
See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717
Annual Financial Highlights
Expected Rent
$18,559Expenses
-$5,021Property Taxes
-$3,949Loan Payments
-$9,237Net Cash Flow
$353See 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.
Similar Listings
Listing Courtesy of:Joe Lieber
Joe Lieber- Self Manage
Joe Lieber- Self Manage
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4418180
Last Updated: 12/22/2022 13:12
MLS #4418180
Last Updated: 12/22/2022 13:12