4000 Monticello Blvd, Cleveland Heights Ohio 44121

4000 Monticello Blvd Cleveland Heights, OH 44121

House Sold - Cleveland Heights Ohio

Characteristics

Bedrooms:     4 beds

Bathrooms:    2.5 bath

Single Family:    1,906 sqft.

Lot Size:       3,815 sqft.

Year Built:    1949

Stories:     1

Parking:    2 car garage

Price
$95,000

Income (numbers are based on an annual basis and rental amount is based on nearby rentals)
$13,800 ($1,150 month, currently occupied)

Expense
$3,600 Taxes
$650 Insurance
$690 Maintenance (5%)
$690 Vacancy (5%)
$1,104 Management @ 8%
$6,734 Total Annual Expense

Net Income Cash‐on‐Cash 7.4%
$7,066
Comps:
3971 Monticello Blvd 2/1/1,263 sqft Sold: $99,900 (and it was a foreclosure!!!)
1082 Allston Rd 4/2/1,764 sqft Sold: $107,500 – Clean, not rehabbed
1041 Renfield Rd 4/2.5/2,190 sqft Sold: $130,000 – Rehabbed
925 Beverly Rd 3/2/1,550 sqft old: $110,000 – Last update was in 2004
3964 Monticello Blvd 3/1.5/1,704 sqft Sold $105,900 – Basic Rehab

Includes:
~ Rent Ready
~ 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.