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SINGLE_FAMILY - Other - East Cleveland, OH
Investor Alert! Turnkey rental opportunity with solid returns and a tenant already in place! This well-maintained 4 bedroom, 2 full bathroom home generates $1,550/month in rent and delivers strong performance metrics - a 10.12% cap rate and an impressive 13.87% cash-on-cash ROI. With low monthly expenses of just $1,207.38, this investment provides a steady cash flow of $342.62/month right out of the gate. Financing terms are favorable with a 7% interest rate, 30-year amortization, and only $29,640 total cash needed to get in. At a purchase price of $110,000, this property is a smart addition to any portfolio - whether you're a seasoned investor seeking reliable passive income or a first-timer looking to build equity fast. Properties offering this kind of ROI, stability, and simplicity don't come around often - act fast before it's gone!
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