9510 Silk Ave
Cleveland, OH 44102
List Price
$105,000
Initial Investment
$28,613Purchase Price
$105,000
Down Payment
25%
Rent
$1,100
Total Return
$63,727
Annualized Return
29.0%
Cap Rate
8.2%
Gross Yield
12.6%
Cash Flow
$2,316
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Lot Size
5,040
HOA
None
Flood Risk
Not Required
Welcome to 9510 Silk Avenue, where charm meets convenience in this turnkey 2-bedroom, 1-bath colonial nestled in the heart of Cleveland, OH 44102. Perfect for both owner-occupants and savvy investors, this property boasts an expected rental income of around $1,200 a month, making it an enticing addition to any portfolio.
Situated in the flourishing Lower Lake Avenue neighborhood, residents enjoy easy access to the vibrant energy of the area, with Dons Lighthouse and Edgewater Park just moments away. Whether you're seeking a comfortable abode to call home or a lucrative investment opportunity, this home offers the best of both worlds.
This move-in ready colonial residence invites you to experience modern living in a historic setting. Don't miss your chance to own or invest in this prime piece of real estate—schedule a viewing today and seize this opportunity before it's gone!
See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717
Annual Financial Highlights
Expected Rent
$12,540Expenses
-$3,349Property Taxes
-$1,167Loan Payments
-$5,708Net Cash Flow
$2,316See 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:Alex Johnson
Agent License 2007002717
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Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5030717
Last Updated: 04/17/2024 15:04
MLS #5030717
Last Updated: 04/17/2024 15:04