Cleveland Metro Income Property Opportunity

 

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This property is expected to be fully remodeled and finished as a 3-bedroom, 2-bath home with a 2-car garage.

The all-finished purchase price is $175,000, including a comprehensive list of updates designed to make the property rent-ready and attractive to quality tenants.

Planned improvements include:

• Interior paint
• Luxury vinyl flooring
• New electrical plugs and switches
• New blinds
• New light fixtures
• Exterior power washing
• Deck painting
• Plumbing inspection and updates as needed
• Electrical inspection and updates as needed
• Additional repairs and improvements throughout the property

Once the rehabilitation is completed, we will also purchase a one-year home warranty for the property.

Property Numbers

Purchase Price — Finished: $175,000
Estimated After-Rehab Value: Approximately $190,000
Estimated Immediate Equity: Approximately $15,000

Estimated Monthly Rent: $1,700

Monthly Expenses:

• Property Taxes: $296
• Insurance: $60
• Property Management: $125

Estimated Net Cash Flow: $1,219 per month
Estimated Annual Net Cash Flow: $14,628

Based on these numbers, the property would generate approximately an 8.4% annual net cash-flow return on the $175,000 purchase price, before considering future appreciation, closing costs, vacancies, maintenance, or other expenses.

What makes this opportunity especially attractive is the combination of cash flow and potential equity. The property is located in an appreciating area that has the ability to attract quality tenants.

The goal is simple: purchase a properly updated rental property, create dependable monthly income, protect the investment with a warranty, and position the owner for potential long-term appreciation.

Purchase right. Rehab right. Rent right. Manage right.

📞 216-703-5740
🌐 http::www.ClevelandIncomeRealEstate.com
📺 YouTube: https://www.youtube.com/@BrettYoungCashflowhomes
📊 Investment Results: RealIncomeProperties.blogspot.com

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