1104 Brandon Road, Cleveland Heights Ohio 44112

1104 Brandon Rd Cleveland Heights, OH 44112

House Sold - Cleveland Heights Ohio

Characteristics

Bedrooms:    3 beds

Bathrooms:   2 bath

Single Family:  1,373 sq. ft.

Lot Size:   .37

Year Built:   1949

Stories:   2 with Attic/Basement

Parking:   Attached 2-Car Garage

Price

$70,000

Income

$12,000 ($1,000 mo. Cash tenant/ $1,100 section 8, using $1,000 mo.)

Expense

$3,000 Taxes (Current taxes are $4,034 which is high. We can appeal to lower taxes in 2018, should drop around $2800 so I will use $3,000)
$620 Insurance
$600 Maintenance (5%)
$600 Vacancy (5%)
$80 Management @ 8%

Net Income Cash-on-Cash

$7,100 ($591 Monthly) 10%

Sales (most properties in the area have sold over $100K)

2488 N Taylor Rd 3/1.5/1,391 sqft Sold 05/2017: $89,000 rehabbed
3434 Edison Rd 4/2.5/1,652 sqft Sold 12/2016: $66,000 not rehabbed
3420 Woodridge Rd 2/1.5/1,148 sqft Sold 05/2016: $62,000 not rehabbed
3430 Monticello Blvd 2/1.5/1,356 sqft Sold 04/2016: $80,000 not rehabbed

Includes:

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.