15305 Corkhill Road, Maple Heights Ohio 44137

15305 Corkhill Rd. Maple Heights, OH 44137

House Sold - Maple Heights Ohio

Characteristics

Bedrooms:   3 beds

Bathrooms: 1 bath

Single Family:   1,058 sq. ft.

Year Built:   1952

Stories:   2 with Attic/Basement

Parking:   Detached ‐ 2 Space

Price
$62,500 (Sold in 2000 for $66K)

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
$10,200 ($850 month) or Go Section 8/Eden $11,400 ($950 month)

Expense                                       Expense (Go Section 8/Eden )
$2,018 Taxes                                 $2,018 Taxes
$620 Insurance                              $620 Insurance
$500 Maintenance                         $500 Maintenance
$510 Vacancy                                $570 Vacancy
$816 Management @ 8%                 $912 Management @ 8%

Net Income Cash‐on‐Cash                           Net Income Cash‐on‐Cash
$5,736 ($478 monthly) 9.7%                          $6,780 ($565 monthly) 11.5%

Comps
15500 Mendota Ave 3/2/1,217 sqft               Sold on 02/2017 @ $69,500 clean no upgrades
15413 Rowena Ave 3/2/1,152 sqft                Sold on 11/2016 @ $78,000 clean no upgrades
15516 Corkhill Rd 3/1/1,058 sqft                 Sold on 11/2016 @ $57,500 clean no upgrades
15400 Rowena Ave 3/1.5/1,084 sqft             Sold on 07/2015 @ $80,000
15607 Woodbrook Ave 3/2/1,078 sqft           Sold on 04/2015 @ $92.500 minor 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.