20216 Butternut Lane, Warrensville Heights Ohio 44128

20216 Butternut Ln, Warrensville Heights, OH 44128

House - Warrensville Heights Ohio

Nearby schools include Warrensville Heights Middle School, Eastwood Elementary School and Warrensville Heights High School. The closest grocery stores are Shop Express, Highland Hills Food Mart and Indo American Foods. Nearby coffee shops include Winners Circle Cafe LLC, The Coffee Bar Cafe and Cafe 56. Nearby restaurants include Whitmore’s Bar-B-Q, Island Cuisine and Mr. Hero.

Characteristics

Bedrooms:   4 beds

Bathrooms:   1 bath

Single Family:   1,152 sq. ft.

Lot Size:   6,210 sq. ft.

Year Built:   1952

Stories:   2  with Attic/No Basement

Parking: Detached ‐   1 Space

Price
$63,500 (Sold in 1999 for $60K)

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
$11,100 ($925 month) or Go Section 8/Eden $12,000 ($1,000 month)

Expense (standard tenant) Expense (section 8 or Eden tenant)
$1,781 Taxes $1,781Taxes
$620 Insurance $620 Insurance
$555 Maintenance $555 Maintenance
$555 Vacancy $600 Vacancy
$888 Management @ 8% $960 Management @ 8%

Net Income Cash‐on‐Cash                      Net Income Cash‐on‐Cash
$6,701 ($558monthly) 10.5%               $7,484 ($632 monthly) 11.8%

Comps

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.