11020 McCracken Road, Garfield Heights Ohio 44125

11020 McCracken Rd, Garfield Heights, OH 44125

House - Garfield Heights Ohio

Characteristics

Bedrooms:   3 beds

Bathrooms:  1 bath

Year Built:   1953

Single Family:   1,326 sq. ft.

Lot Size:   5,670 sq. ft.

Stories:   1 with basement

Parking:   Detached ‐ 1 car garage

Price
$60,000

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
$10,800 ($900 month) or… Go Section 8/Eden $11,400 ($950 month)

Expense Expense (Go Section 8/Eden )
$2,100 Taxes $2,100 Taxes
$620 Insurance $620 Insurance
$540 Maintenance $540 Maintenance
$540 Vacancy $570 Vacancy
$864 Management @ 8% $912 Management @ 8%

Net Income Cash‐on‐Cash Net Income Cash‐on‐Cash
$6,136 ($511 monthly) 10.22% $6,658 ($554 monthly) 11.09%

Comps Specs Sold Price Condition
11216 McCracken Rd 3/1/1,308 sqft Sold on 01/2017 @ $90,000 Basic Rehab
11303 McCracken Rd 3/1/1,292 sqft Sold on 02/2018 @ $67,000 as-is
11014 Thornton Ave 3/2/1,392 sqft Sold on 05/2017 @ $78,000 needs cosmetics
10921 Park Heights Ave, 4/1/1,350 sqft Sold on 05/2017 @ $85,000 Basic Rehab

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.