1348 square ft Colonial in central Cleveland Heights. Features four large Bedroom’s with one full bathroom. Hardwood floors throughout with beautiful crown molding and original wood trim. Home has 2 fireplaces, newer vinyl windows and newer roof. Large 2 car garage on .110 acres of land.
Sale Price ------------------ $17,000
Offer Price ----------------- $ 14,000 to $15,500
Rehab cost ------------------ $ 32,000 to $34,000
Positive Cash Flow after expenses will be around $640.
Rent ------------------------- $ 1050
Taxes -------------------------$258 a month
Prop Management ------------ $ 105
Insurance -------------------- $ 40
Positive Cash Flow ----------- $ 647
Net Return --------------------- 15% to 16 %
This beautiful 3 bedroom, 1 1/2 bath colonial is completely remodeled, immaculate and violation free. There are beautifully refinished hardwood floors throughout. The large living room with a leaded glass picture window opens into a lovely formal dining room. The kitchen is updated and gorgeous with lots of storage. All 3 bedrooms are large and both baths have been tastefully updated. The basement is finished providing a great additional living space.
Property #’s Below:
Purchase Price ----------------------- $48,500
Rehab cost ---------------------------- $ 0
After Expenses Positive Cash Flow over $580
Rent ------------------------------------ $ 850
Taxes --------------- ------------------- $ 135 a month
Prop Management ------------------- $ 85
Insurance ----------------------------- $ 40
Positive Cash Flow ------------------ $ 590
Net Return -------------------------- 14% to 15 %
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