1576 Coventry Rd., East Cleveland Ohio 44118

1576 Conventry Rd, East Cleveland, OH 44118

House - East Cleveland Ohio

1576 Coventry Rd is a 4-plex home in East Cleveland, OH 44118. This 3,648 square foot multi-family home sits on a 6,599 square foot lot. The 4-plex offer two units with one bedrooms and two units with two bedrooms. This property was built in 1954.

Characteristics:

Bedrooms: 6 beds
Bathrooms: 4 bath
Single Family: 3,648 sq. ft.
Lot Size: 6,599 sq. ft.
Year Built: 1954
Stories: 2 with Attic/Basement
Parking: No Garage, Driveway only

Price

$115,000

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

$26,000 ($2,166 month)

Expense

$3,000 Taxes (taxes are not on the county website, I am over estimating)
$1,336 Insurance
$1,300 Maintenance (5%)
$1,300 Vacancy (5%)
$2,080 Management @ 8%
$2,000 Water
$1,000 Lawn/Snow Care

Net Income Cash-on-Cash

$13,984 ($1,165 Monthly) 12.16%

Includes:

New Windows to be installed.
1 vacant unit to become rent ready (3 units are occupied)
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.