945 E 149TH ST

CLEVELAND, OH 44110
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3 bd, 2 ba | 1,232 sqft | Built in 1900

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List Price
$95,000

Initial Investment

$25,888

Purchase Price

$95,000

Down Payment

25%

Rent

$1,170

Total Return

$39,217

Annualized Return

22.8%

Cap Rate

8.6%

Gross Yield

14.8%

Cash Flow

$2,295

Appreciation

5.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,760

HOA

None

Flood Risk

Not Required

This solid 3-bedroom, 1.5-bathroom home offers strong rental potential and is perfect for investors looking to expand their portfolio. Located in a growing neighborhood with easy access to local amenities, schools, and public transportation, this property features a spacious layout, a partially updated kitchen, and a generous backyard.
With minor updates, this home can quickly generate consistent cash flow. Whether you're a seasoned investor or just getting started, this is a smart addition with plenty of upside.
Don't miss out—schedule a showing today!

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$13,338

Expenses

-$3,278

Property Taxes

-$2,600

Loan Payments

-$5,165

Net Cash Flow

$2,295

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:Ryan Sackman
Agent License 2020005628
Berkshire Hathaway HomeServices Professional Realty
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5114656
Last Updated: 04/16/2025 15:04
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.