🪄CONTRACT FOR SALE 🪄

Inspection report/Pictures/Videos/Comps: (Click Here)

Starting Price: $9,000

⬇️ General Property Info ⬇️

○ Property Type: SFH

○ Beds: 2

○ Bath: 1

○ Sqft: 1,081

○ Windows: Good condition

○ Furnace: Installed in 2015, no issues

○ Hot Water Tank: Unkown age but looks good and works fine, no issues

○ Roof: Done in 2011, no leaks/issues

○ Electrical: Redone in 2015. No issues were found and electrical panel look good

○ Plumbing: Redone in 2022, no issues/leaks

○ Structural: No Structural issues

○ Occupancy: Vacant

⬇️ Numbers & Terms ⬇️ 

○ ARV: $100k-$120k (See comps)

○ Rehab Level Estimation: Light/Medium rehab needed - Exterior needs minor siding work, yard clean up, scrape the algae off window covers, minor porch work, & minor fence work.
Interior needs new flooring upstairs & 1 window pane needs to be fixed.

○ Potential Market Rent(Rentometer): $1,059/month

○ Potential Section 8 Rent (FMR): $1,108/month

*This is a Subject 2 deal, buyer will be taking over the sellers current mortgage(See Mortgage statement below)*

○ Interest Rate: 3.37%

○ PITI: $446.12/m

○ Starting fixed entry fee(Downpayment + Acquisition Fee): $9k

○ Balloon: No Balloon

○ Remaining Mortgage: ~$52,315.38

○ Maturity Date: 11/2049

○ Est COC Return: 20% - 25%

○ Access: By Appointment

○ Submit highest and best offers by: 3/15

Please reach out for more information.

Shawn Mendel

📞216-460-2714  |  📧shawn@realestatewizards.net

**Buyers do their own due diligence

*Seller of this property either owns or has equitable contractual interest in the properties marketed

*Seller has exclusively relied upon the information listed within the MLS, County Assessor's office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Buyer acknowledges and accepts that seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. Buyer expressly acknowledges that it is purchasing the property in "as is, where is' ' condition.

Real Estate Wizards, LLC