CLEVELAND, OH 44111

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Location: Cleveland, OH (West Park)

Market Value: $180,000

Estimated Rehab: Turn-key, none expected

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PROPERTY

4 bed / 2.5 bath single-family rental

Wood frame with vinyl siding | Pitched asphalt shingle roof

Occupied, tenant in place at $1,800/mo

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THE NUMBERS

In-place rent: $1,800/mo

Market rent: approx $2,043/mo

Upside: $243/mo, or $2,916/yr gross at turnover

Actual NOI: $13,812/yr

Pro forma NOI: $16,291/yr, approx 10.4% cap

Expenses: Tenant pays water, sewer, trash, electric, and gas. Owner pays taxes, insurance, and management only

Taxes and insurance documented. Buyer to verify rent, NOI, and expenses.

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INVESTOR HIGHLIGHTS

- Turn-key with a tenant in place and cash flowing day one

- Tenant covers all utilities, keeping owner expenses lean

- $243/mo rent upside when the unit turns

- Low exterior upkeep between turns with vinyl siding

- West Park is a steady west-side rental corridor with vacancy below the Cuyahoga County avg

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TERMS

Cash, hard money, private money, or DSCR

FAST CLOSE: Funding must be ready to close quickly

SOLD AS-IS: No repairs by seller

ACT FAST: Deals like this don't last long

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CONTACT

Contact us for details, exact location, and access

Call/Text: (463) 240-1822

Email: info@fsvproperties.com