7002 Woodhaven Ave Cleveland, OH 44144
3bd, 1ba | 1,056sqft | Built in 1940
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Initial Investment
$106,474
List Price: $104,900
Purchase Price
$104,900
Down Payment
100%
Rent
$1,100

Total Return
$33,902
Annualized Return
6.3%
Cap Rate
6.6%
Gross Yield
12.6%
Cash Flow
$6,249
Appreciation
1.0%
Features
Roofstock Certified
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
5,000 
HOA
None
Flood Risk
Not Required
  • Located 15-minutes from downtown
  • Attractive gross yield
  • 3-star neighborhood
  • Good schools nearby

Annual Financial Highlight
Expected Rent
$12,540
Expenses
-$3,254
Property Taxes
-$3,036
Loan Payments
$0

Net Cash Flow
$6,249
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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