Cleveland OH 44127
Asking Price
$30,000
Beds
3
Baths
1
Square Footage
1,166 sqft
Property Type
Single Family
Year Built
1920
Lot Size
5,000 sq ft
About This Property
Looking for an affordable Cleveland investment with multiple exit strategies? Check out this opportunity in the 44127 market!
This 3-bedroom, 1-bathroom single-family property offers approximately 1,166 SF of living space and presents an opportunity for investors looking to add value through renovation and repositioning.
INVESTOR HIGHLIGHTS:
• 3 Bedrooms / 1 Bathroom
• Approx. 1,166 SF
PROPERTY CONDITION – MAJOR REHAB NEEDED
Please review carefully before submitting an offer:
• Roof is approximately 30 years old
• Shingles are blowing off and roof replacement is needed
• Furnace is not functional
• Furnace room has a cracked firewall from a prior explosion
• Gas service to the house is currently shut off
• Property currently uses window AC units
• Bathroom ceiling needs replacement due to leak/water damage
• One bedroom ceiling needs replacement due to leak/water damage
• Laundry room has a large opening, and raccoons have entered the property
• Yard is severely overgrown
• Paneling has been installed over the walls
• Major cleanout and extensive rehabilitation required
Call/Text Laith: (856) 804-1576 to lock it in
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Deal Calculator
Estimated Net Profit
$7,140
ROI: 23.1%·Cash-on-Cash: 96.7%
Project Breakdown
- Sale Price (ARV)
- $42,000
- Purchase Price
- $30,000
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $960
- Points (2%)
- $480
- Closing Costs (3%)
- $900
- Selling Costs (6%)
- $2,520
- Total Cash Required
- $7,380
- Net Profit
- $7,140
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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