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Cash Flowing Cleveland Investment Property For Sale!
- 210 Greencroft Rd, Bedford, OH 44146 USA
- $125,000 Purchase Price - $1,100 Monthly Rent
- 8% Annual ROI with Cash Purchase*
- ***Currently Under Renovation
Boost your cash flow with this 3 bed 2 bath 1100 square foot 2 story single family home in the Southeast Cleveland suburbs. Home includes a BONUS room in a finished basement. Easy access to the I-480 Interstate and large are employers such as the Cleveland Clinic and Eaton Corporation make this a great rental property. Low property taxes and insurance costs ensure that your investment will continue to cash flow. In 2020, Cleveland was the 2nd largest net gainer of tech jobs in the United States, largely driven by medical technology with the presence of the world renown Cleveland Clinic, University Hospitals System, and Case Western Medical School driving the growth.
Why do we like Cleveland? Check out our Cleveland Market Profile HERE.
Cash Flow Analysis
INCOME | |
Monthly Rent | $1,100 (Market) |
EXPENSES | |
Taxes | $103 (Actual) |
Property Management | $99 (Actual) |
Insurance | $50 (Actual) |
Vacancy | $55 (Estimated at 5% of rent) |
Maintenance | $55 (Estimated at 5% of rent) |
Capital Expenditures | $55 (Estimated at 5% of rent) |
MONTHLY CASH FLOW: | $683 |
Location
Easy 15 minute drive on the Interstate to downtown Cleveland, Cleveland Clinic, and Case Western Reserve University. 10 minute drive to Eaton Corporation and the famous high-end Beachwood shopping area.
Comparable Sales
52 Greencroft Rd, Bedford OH 44146 | $123,500 (1/13/2021) |
259 Grand Park Cir Bedford, OH 44146 | $115,000 (10/21/2020) |
5504 Elmwood Ave Maple Heights, OH 44137 | $140,000 (10/1/2020) |
147 Eldred Ave Bedford, OH 44146 | $140,000 (8/5/2020) |
9,850 Square Foot lot!
To reserve this property, please contact your Paraprin Capital representative, or send an email to info@paragonprincipal.com. A $5,000 non-refundable deposit is due upon signing of the purchase and sale agreement. Estimated closing costs above the purchase price are $1,750 but may vary depending on the circumstances. The financial analysis in this teaser assumes a cash purchase. Financing options up to 70% of the purchase price are available, regardless of the nationality of the buyer. Please inquire for more details.
*8% Annual ROI assumes annual appreciation of 3%, annual rent increase of 2%, and annual expenses increase of 2%