Investor Single Family Rental Property

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Cash Flow Single Family Hours Brings In $1,165 Per Month in Cash Flow

25491 Shoreview Drive, Euclid, Ohio Positive Cash Flow Rental Property Investment

Looking for positive cash flow? This positive cash flow turn-key rental property located in Euclid Ohio yields a great annual return for today’s market. Upgraded too!

This is a great turn-key rental property. It has been upgraded by a very reliable, long-standing investor in the community and leased to excellent tenants with great payment credit. If you are looking to AVOID rehabbing a rental and placing tenants, look no further, this is the one.

Description:

Beautiful brick bungalow with 3 BD, 1.5 bath in great condition and cash flowing now. Very well maintained, full divided basement, 1 car gargae, fenced in yard. A newer roof, windows, HVAC / Hot water tank, kitchen, baths and floors.

Just a plain neat clean place with clean quiet tenants, what else could you ask for? ANd the best part is, the rent is Section 8 guaranteed. Any experienced savvy investor understands the huge benefits of section 8 income. Tenants are on a huge waiting list to receive a subsidy, sometimes waiting 5 years to get on, so they do not want to lose the rental subsidy.

Financials:

Gross annual rent$14,000 (Per annum)
Income Source:Section 8 – $1165 mo Section 8 pays $715, tenant pays balance.
Expenses:
– Management$800
– Capital 5%$700
– Vacancy 5%$700
– Insurance$600
– Taxes$2400
– Maintenance$700
Total Annual Expense:$5,900
Adjusted Gross Cash Flow$8,000
Mortgage Financing Expense30 year amortized @ 4%
Downpayment (25%)$22,500
Annual Principal and Interest$3,900
Net Cash Flow, annual$4,300
Cash-on-Cash Rate of return19%
Depreciation$3,000
Annual Appreciation2% currently

Contact:
Dana Onyshko
Investment Manager and Consultant
Mobile: 216.702.8540