20470 Lindbergh Ave, Cleveland Ohio 44119

20470 Lindbergh Ave, Cleveland, OH 44119

House - Cleveland Ohio

This is a Single-Family Home and has 3 beds, 1 bath, and approximately 1,248 square feet. The property was built in 1929. Covered front porch entry. Lovely natural woodwork and hardwood floors. Leaded glass built in cabinets in formal dining room. Large living room with gas fireplace. Nice size eat-in kitchen. Walk up 3rd floor offers more storage space. Foyer entry. Close to schools and city amenities. Easy freeway access. Minutes to downtown Cleveland and University Circle.

Characteristics

Bedrooms:  3 beds

Bathrooms: 1 bath

Year Built:  1929

Single Family:  1,248 sq. ft.

Lot Size:  7,500 sq. ft.

Stories:  2 with basement

Parking:  Detached ‐ 1 car garage

Price
$60,000 (Sold in 2005 for $112,500)

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
New tenant moved in paying $900 per month / $10,800 annual

Expense
$1,945 Taxes
$620 Insurance
$540 Maintenance
$540 Vacancy
$864 Management @ 8%
Net Income Cash‐on‐Cash
$6,291 ($524 monthly) 10.5%

Comps Specs Sold Price Condition
20880 Goller Ave 3/1/1,261 sqft Sold on 06/2017 @ $82,500 clean
20650 Miller Ave 3/2/1,152 sqft Sold on 08/2017 @ $91,000 basic upgrades
20801 Miller Ave 3/1/1,152 sqft Sold on 06/2017 @ $91,000 basic upgrades
20991 Recher Ave 3/2/1,228 sqft Sold on 12/2017 @ $91,500 outdated

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.