We do a lot of properties in Bedford, approximately 30 to 40 properties, and this continues to be an excellent area for both rental demand and appreciation. Parma has been a strong market for us, with appreciation around 2-3% per year.
This property will be updated to the max, with all appropriate interior updates completed before purchase. When finished, it will feel like a brand-new house. The property will also include a one-year warranty for added peace of mind.
Investment Numbers:
Purchase Price: $175,000
Retail Value: Approx. $195,000
Built-In Equity: Approx. $20,000+
Expected Rent: $1,700/month
Estimated Net Income After Taxes, Insurance & Property Management: Approx. $1,217/month
Estimated Annual Net Income: Approx. $14,604/year
Property Management Fee: $125 flat monthly fee
We will also lease and manage the property for you, making this a true turnkey investment from day one. Our property management system has a 99.5% success rate, and we handle the leasing, tenant placement, monthly management, and ongoing property needs.
This is a great opportunity for an investor looking for monthly income, built-in equity, appreciation, and a fully managed rental property in the Cleveland Metro area.
Brett Young – Key Realty LTD
Call/Text: 216-703-5740
Cleveland Income Real Estate
https://www.clevelandincomerealestate.com/
Stats: https://realincomeproperties.blogspot.com/
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Thank you