CLEVELAND, OH 44127

This one collects from day one. A tenant is already in place at $1,250 a month on

private pay, the tenant covers utilities, and at $65,000 that is a 17.4% actual cap

before you touch anything. Slavic Village has been moving: the neighborhood

median sale price ran $76,000 over the trailing twelve months, up 7% year over

year, with homes averaging 45 days on market.

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Location: Cleveland, OH (Slavic Village)

Market Value: $76,300

Estimated Rehab: Buyer to verify

Potential Gross Profit: ~$11,300 before rehab

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PROPERTY

3 bed / 1 bath / 1,270 SqFt

Single family | 1 unit

Wood frame, lap siding | Pitched asphalt shingle roof

Occupied, private pay tenant in place

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THE NUMBERS

In-place rent: $1,250/mo

Market rent: approx $1,298/mo (3BR avg within 1.5 mi, 31 listings, $1,350 median)

Upside: $48/mo, or $576/yr gross

Actual NOI: approx $11,300/yr, approx 17.4% cap

Pro forma NOI: $11,790/yr, approx 18.1% cap

Price per SqFt: approx $51

Taxes: $750/yr | Insurance: $700/yr

Expenses: Tenant pays utilities. Owner covers taxes, insurance, and management

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INVESTOR HIGHLIGHTS

- Private pay tenant in place, no voucher approval timeline

- Simple management: one lease, tenant-paid utilities, no common areas or shared meters

- Rent room at renewal: pocket 3BR rents avg $1,298, median $1,350

- Slavic Village median sale price $76,000 TTM, up 7% YoY, ~45 days on market

- ~0.5 mi to Broadway & E 55th node: 10-year neighborhood plan and ~$50M in RTA transit work

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TERMS

Cash, hard money, or private money

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

Jack Keith, for details and exact location

Call/Text: (463) 240-1822

Email: Todd@FSVProperties.com