9516 Park Heights Ave, Garfield Heights Ohio 44125

9516 Park Heights Ave., Garfield Heights, OH,44125

House Sold - Garfield Heights Ohio

Characteristics

Bedrooms: 3 beds
Bathrooms: 2 bath
Single Family: 1,296 sq. ft.
Lot Size: 5,000 sq. ft.
Year Built: 1921
Stories: 2 with Attic/Basement
Parking: Detached 2-Car Garage

Price

$55,500 (Last Sold 07/07 for $115K)

Income

$11,100 ($900 mo. Cash tenant/ $950 section 8, using $925 mo.)

Expense

$2,300 Taxes (taxes are currently $2,800 which is high. We can appeal to lower taxes in 2018, should drop around $2300, so I will use this number)
$620 Insurance
$555 Maintenance (5%)
$555 Vacancy (5%)
$888 Management @ 8%

Net Income Cash-on-Cash

$6,182 ($515 Monthly) 11.1%

Sales

10015 Park Heights Ave 3/1/1,464 sqft Sold 07/2015: $65,000 Basic updates
9007 McCracken Blvd 3/2/1,404 sqft Sold 12/2016: $66,000 Clean, not rehabbed
8908 Plymouth Ave 3/2/1,400 sqft Sold 09/2016: $69,000 outdated

Includes:

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.