9405 Bohning Dr Cleveland, OH 44125
2bd, 1ba | 1,242sqft | Built in 1945
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Initial Investment
$67,024
List Price: $64,900
Purchase Price
$64,900
Down Payment
100%
Rent
$800

Est. market rent may range from $740 to $860


Total Return
$17,561
Annualized Return
5.2%
Cap Rate
6.1%
Gross Yield
14.8%
Cash Flow
$3,392
Appreciation
1.0%
Financing Options
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Property Management Options
Property Characteristics
  • Roofstock Exclusive
    What is it?
    This property is listed directly from the seller and only available through the Roofstock marketplace.
    Benefits
    • You can avoid competition and "buy it now" at the list price.​
    • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
    • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
    • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.
  • Roofstock Guarantee
    What is it?
    Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
    Benefits
    • All properties come with our 30-day money back guarantee
    • Enjoy guaranteed rent on vacant properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
    • This offer applies to all single-family properties and excludes properties with more than 2 units (duplex, triplex, fourplexes), commercial properties and Roofstock portfolios.
Investment Terms
Purchase Price of $64,900 has been established by the Seller and it reflects the price at which Seller is willing to transact. If this property accepts offers, then please submit a reasonable offer for consideration.

Marketplace Fee of $500 must be paid to secure your investment property, remove it from the marketplace and initiate the purchase process.If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically promptly following payment of the Marketplace Fee and must be executed by Buyer within 24 hours of receipt.

Earnest Money Deposit (EMD) of $1,500 must be wired to the Title Company within 3 days of PSA signing.

Rent Guaranteed: Up to 1-year rent guaranteed under the Roofstock Rent Payment Guarantee program.

Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.

Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 30 days of PSA execution for financing unless otherwise agreed by Buyer and Seller

Lease Agreement: The current lease agreement will be provided to Buyer at Closing.

Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Roofstock to lower transaction costs for Buyers and Sellers. An estimate of closing costs is provided in the Diligence Vault and actual closing costs will be outlined on the final settlement statement.

Title and Settlement Provider: Roofstock's standard closing process includes preferred partners who act as the title and escrow agent for this property. Our preferred partners have agreed to provide discounted escrow and settlement services to purchasers of properties via the Roofstock marketplace to lower your investment costs. If you would like to use a different provider for these services, please contact us.

Listing Broker: Michael Halonen- Ohio

Learn more about the investment process