7616 Thornton Dr

Parma, OH 44129
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3 bd, 2 ba | 2,630 sqft | Built in 1938

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List Price
$169,900

$5.1K

Initial Investment

$50,298

Purchase 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%
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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

$18,559

Expenses

-$5,021

Property Taxes

-$3,949

Loan Payments

-$9,237

Net Cash Flow

$353

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:Joe Lieber
Joe Lieber- Self Manage
Certified Agent Brokerage:Alex Johnson
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
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.