8304 Garfield Blvd

Garfield Heights, OH 44125
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5 bd, 2 ba | 2,912 sqft | Built in 1924

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List Price
$169,900

Initial Investment

$49,298

Purchase Price

$169,900

Down Payment

25%

Rent

$2,300

Total Return

$111,380

Annualized Return

30.3%

Cap Rate

9.3%

Gross Yield

16.2%

Cash Flow

$5,570

Appreciation

8.5%
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Features

Occupancy

Vacant

Property Type

Duplex

Lot Size

6,299

HOA

None

Flood Risk

Not Required

Beautiful Fully remodeled 5 Bedroom 2 Bath, Duplex located in Garfield Heights! This home will make a Great addition to an Investors Portfolio or for a First Time Homebuyer. Both units offer so many wonderful updates, Updated Kitchens & Bathrooms, New Carpet & Vinyl Plank flooring and freshly painted throughout. Updated electrical, new hot water tanks and newer roof. Home also offers a Finished attic that can be used as a 3rd floor bedroom in Upstairs Unit. Great location on a corner lot, near the Metro Parks and Cleveland Clinic's Marymount Hospital. This home has a potential to Cash Flow over $2,300 per month. You don't want to miss out on this one, Schedule your showings today!

See more in Analysis
Melissa Lupton
eXp Realty (Melissa Lupton)
OH Agent License #2014004675

Annual Financial Highlights

Expected Rent

$26,220

Expenses

-$7,922

Property Taxes

-$3,491

Loan Payments

-$9,237

Net Cash Flow

$5,570

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:Tal Tamir
Keller Williams Living
Certified Agent Brokerage:Melissa Lupton
eXp Realty (Melissa Lupton)
OH Brokerage License 2016006021
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4422951
Last Updated: 11/16/2022 16:11
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