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Cash Flowing Cleveland Investment Property For Sale!
- 15321 Harvard Avenue, Cleveland OH 44128 USA
- $139,900 Purchase Price - $1,350 Monthly Rent
- 7% Cash on Cash ROI with Purchase*
Jump on this unique opportunity to acquire a spacious 1,185 square foot, 3 beds 1 bath single family home on a large 4,809 square foot lot in the Southeast suburbs of Cleveland. Close proximity to highway and Cleveland Hopkins International Airport, as well as many large employers, including Cleveland Clinic, Sherwin Williams Headquarters, and a new Amazon distribution center. In the Covid-era, demand for these types of spacious suburban homes is increasing substantially among both home buyers and renters.
Cash Flow Analysis
INCOME | |
Gross Rent | $ 16,200.00 |
EXPENSES | |
Taxes | $ 1,499.00 |
Property Management | $ 1,620.00 |
Insurance | $ 800.00 |
Vacancy | $ 810.00 |
Maintenance | $ 810.00 |
Capital Expenditures | $ 810.00 |
Mortgage | $ - |
ANNUAL CASH FLOW: | $ 9,851.00 |
Location
Easy 25 minute drive on the Interstate to Cleveland Hopkins International Airport; Downtown Cleveland within 20 minute drive; 11 minute drive to plentiful shopping and dining area including Heinen’s Grocery Store and Shaker Heights shopping mall.
Comparable Sales
329 E 154th St, Cleveland OH 44128 | $139,900 (9/07/2021) |
15605 Biltmore Ave, Cleveland OH 44128 | $139,900 (8/24/2021) |
16110 Walden Ave. Cleveland OH 44128 | $131,000 (5/28/2021) |
3793 E. 155th St., Cleveland OH 44128 | $134,000 (5/11/2021) |
4,809 Square Foot lot!
To reserve this property, please contact your Paragon Principal 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 $1,500 but may vary depending on the circumstances. The financial analysis in this teaser assumes a cash purchase.
*7% Annual ROI assumes annual appreciation of 3%, annual rent increase of 2%, and annual expenses increase of 2%