4653 Burleigh road, Garfield Heights Ohio 44125

4653 Burleigh Rd, Garfield Heights, OH

House Sold - Garfield Heights Ohio

Characteristics

Bedrooms: 3 beds
Bathrooms: 1 bath
Single Family: 1,116 sq. ft.
Lot Size: 5,633 sq. ft.
Year Built: 1924
Stories: 2 with Attic/Basement
Parking: Detached ‐ 2 Space

Price

$55,000 (Sold in 1991 for $57K)

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)

$10,800 ($900 month) or Go Section 8 $11,400 ($950 month)

Expense

$2,300 Taxes $2,300 Taxes
$620 Insurance $620 Insurance
$540 Maintenance (5%) $570 Maintenance (5%)
$540 Vacancy (5%) $570 Vacancy (5%)
$864 Management @ 8% $912 Management @ 8%

Net Income Cash‐on‐Cash Net Income Cash‐on‐Cash

$5,936 ($494 monthly) 10.8% $6,428 ($535 monthly) 11.7%

Comps (no new comps in the area)

4679 Burleigh Rd 3/3/1,248 sqft. Sold: $85K on 03/2017 – Upgraded needs cosmetics
8204 Grand Division Ave 3/1/1,144 sqft Sold: $68K on 06/2017 – moderate budget rehab
4675 Rockwood Rd 3/1.5/1076 sqft Sold: $74K on 02/2016 – newly remodeled

Includes:

~ Rehab to be City Approved
~ 1 Year Home Warranty
~ Professional Property Management Discounted
~ Free Consultation – during property ownership

*All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.
**ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors. All information provided is approximate and should be verified by the purchaser. There are no guarantees information is accurate.