11202 Langton Ave., Garfield Heights Ohio 44125

11202 Langton Ave, Garfield Heights Ohio 44125

House Sold - Garfield Heights Ohio

Characteristics

Bedrooms:    4 beds

Bathrooms:   2 bath

Year Built:    1924

Single Family:   1,210 sq. ft.

Lot Size:   4,000 sq. ft.

Stories:   1 with basement

Parking:   Detached ‐ 1 car garage

Price
$66,000

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
$13,200 ($1,100 month) Eden or Go Section 8/Eden $12,000 ($1,000 month)

Expense Expense (Go Section 8/Eden)
$2,637 Taxes $2,785 Taxes
$620 Insurance $620 Insurance
$600 Maintenance $600 Maintenance
$600 Vacancy $600 Vacancy
$1,056 Management @ 8% $960 Management @ 8%

Net Income Cash‐on‐Cash Net Income Cash‐on‐Cash
$7,687 ($640 monthly) 11.6% $6,435 ($536.25 monthly) 9.75%

Comps Specs Sold Price Condition
5016 Edgepark Dr 4/2/1,450 sqft Sold on 08/2017 @ $89,000 Rehab w/upgrades
5022 E 114th St 3/2/1,266 sqft Sold on 11/2017 @ $77,000 clean, not rehabbed
4955 E 109th St 3/1/1,170 sqft Sold on 04/2017 @ $80,000 Rehab w/upgrades

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.