Single Family Cash Flow Rental Property

Euclid, Ohio
Brick Bungalow For Sale

Qualifies For Financing or Self Directed IRA Investment
Call Today! 216-702-8540

Solid Cash Flowing Single Family Rental House (Leased and Performing)

Looking for positive cash flow? This positive cash flow turn-key rental property located in Euclid Ohio yields a great annual return of over 15% NET per year, 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 garage, 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.

Quick Description:

Status: Contingent
Price: $99,900

1. Tenant in-place since November 11th, 2016
2. Tenants are mother, sister and daughter
3. The gross monthly rent is $1,104 per month. Tenant pays $585.00 and Section 8 pays $ 519.00
4. The taxes annually are $2,637.16

A nice brick bungalow investor rental home; 3 bedroom and 1-1/2 baths, Full divided basement, 1 car garage, fenced yard, almost new roof, newer windows, newer HVAC & hot water tank, newer kitchen and baths.

The house is wonderfully maintained inside and out; super neat, clean and quiet tenants! It’s a perfect low-risk, stable investment for a local or long-distance Investor.

Updates:

• HVAC 3/2014
• ROOF 12/2013
• KITCHEN 11/2016
• CARPET 11/2016

Download Financials

Asset Manager:

Dana Onyshko
Ph. (216) 702-8540
Email: danaonyshko@gmail.com

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