12909 melgrove. Garfield Hights 44105 $ 63,000 - 44105 CLEVELAND Date: 1 / 19 / 2019 12909 Melgrove Garfield…

12909 melgrove. Garfield Hights 44105 $ 63,000 - 44105 CLEVELAND Date: 1 / 19 / 2019 12909 Melgrove Garfield…

12909 melgrove. Garfield Hights 44105
$ 63,000 - 44105 CLEVELAND

Date: 1 / 19 / 2019

? 12909 Melgrove Garfield Hights
?Country
? City
? neighborhood

************************
Type of transaction
************************
️ The type of transaction a property that already has a paying tenant - the TurnKey deal
? The property under contract? - Yes, the property is under contract
? Multi-property property? - No

************************
Transaction data and asset
************************
? Buyer Price in Dollars: 62000
? Living Size in Square Fit: Property size in square fit sqft 1344
️ Year of construction: 1941
? Number of units in the property (doors): 1
? Number of bedrooms: 4
? Number of services: 2
⛏ Estimating the price for renovation required in dollars: 100
️ What renovation date should be completed: 1 / 15 / 2019 0: 00: 00
? Have you done this? Yes
? Link to the Axel Renovation Assessment if there is an assessment:
? Promoter escort fee: 5000
? Estimating closing costs and additional costs in dollars: 800
************************
? Total investment (purchase price + renovation price + escort fee + closing costs): 62900
************************

? About the area:
Why invest in neighborhoods around Cleveland?
The CNBC website rated Cleveland as the leading city in the United States in yields, with low entry prices of approximately NIS X per apartment and a yield reaching 200,000 percent and above, the city becoming the hottest destination for US real estate investment.
Declining unemployment rate and rising house prices, all relevant real estate market profitability indicators indicate consistent economic growth in Cleveland.
The downward trend in housing prices, which characterized the city over the years, was reversed: housing prices rose, as did the demand for apartments. The unemployment rate fell to 2006 in November, less than half the rate in 2013.

? About the property:
Good property on the street, including a tenant tested with a one-year contract, one year warranty on repairs.

************************
Expected annual revenues
************************
? Monthly rental 920
? Annual rental 11040

************************
Expected annual expenses
************************
Provision for unearned property leased: 600
? 1104 management company
? Maintenance: 500
️ Arnona: 1500
✍️ Insurance: 600
? Community Payments: 0
? Total annual expenses: 4704

? Net pre-tax annual cash flow:
? Gross Annual Return: 18%
? Net Annual Return: 10.38%

************************
? Comparative market data
************************
? Estimated market value of the property after renovation: 65000
️ Percentage of total investment relative to market price: 1

************************
? Comparative Market Analysis - First Property:
************************
? Address: 14113 Rexwood Ave
? Living Size in Square Pitt: undefined sqft
️ Year of construction: undefined
? Number of bedrooms: 4
? Number of services: 1
? Distance from property: 0.5 miles
When did it sell: 43764

Exclusive format for the real estate forum of the US Real Estate Forum: https://www.facebook.com/groups/RealEstateIsraelUSAFAQ

To view this property and other assets in the property arena: https://www.facebook.com/groups/711026639303612/

************************
? Sales Comparative Market Analysis - Second Property:
************************
? Address: 44
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms: 44
? Number of services: 44
? Distance from property: 44 miles
When did it sell: 43466

************************
? Comparative Market Analysis - Third Property:
************************
? Address: 44
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms: 44
? Number of services: 44
? Distance from property: 44 miles
When did it sell: 43466





Related News Real Estate Entrepreneurs

Related Articles

XXXX Thornhurst Ave Garfield Heights, OH 44105

Property Details Property Type: Single Family Home Bedrooms: 3 Bathrooms: 1.5 Total Size: 1,258 SQ FT Lot size: 6,534 SQ FT Parking: 2 Parking spaces Heating: Forced air Cooling: Central ARV Estimate: $110K-130K Monthly Rent: $850 Year built: 1919 How to Contact Us about this property and keep being informed of our future deals? For additional […]

XXXX E 59th St. Cleveland, OH 44105

Property Details Property Type: Single Family Home Bedrooms: 4 Bathrooms: 1 Total Size: 1,227 SQ FT Lot Size: 5,619 SQ FT Built-In: 1900 Parking: 2 Parking spaces ARV Price: $85k-$95k Fully renovated. Rent Ready. Vacant. How to Contact Us about this property and keep being informed of our future deals? For additional information about this property, […]

XXXX E 80th St Cleveland, OH 44104

Property Details Property Type: Single Family Home Bedrooms: 5 Bathrooms: 1.5 Parking: 2 Parking Spaces ARV Price: $75K Estimated Market Rent: $1,300 Total Size: 1,250 SQ FT Lot Size: 4,900 SQ FT Built-In: 1910 Vacant Medium Rehab Property needs work but it's in FAIR CONDITION Roof, windows, doors, vinyl siding – 2014 Bath and kitchen was updated […]

XXXX Bush Ave Cleveland, OH 44109

Property Details Property Type: Single Family Home Bedrooms: 3 Bathrooms: 2.5 Total Size: 1,227 SQ FT Lot Size: 5,480 SQ FT Built-In: 1910 Redfin Est: $134.5K Estimated Market Rent: $1,200 ARV Estimate: $120K-145K Tenant Occupied ; GOOD PAYERS Rented @ $700 month to month Light Rehab Property is generally in good condition Roof, HVAC & foundation are in […]

XXXX Leopold Ave, Cleveland, OH 44109

Property Details Property Type: Single Family Bedrooms: 3 Bathrooms: 1 Total Size: 1,176 SQ FT Lot Size: 4,386 SQ FT Built-In: 1917 ARV Price: $150K Vacant. Medium rehab. Can easily be a 4 or 5 bedroom house. Has 2 garages. How to Contact Us about this property and keep being informed of our future deals? For […]

XXXX Lakeview Rd Cleveland, OH 44106

Property Details Property Type: Multi-Family Bedrooms: 4 Bathrooms: 2 Total Size: 2,092 SQ FT Lot size: 2,176 SQ FT Heating: Forced Air Realtor: $90K ARV Estimate: $90K-110K Year Built: 1910 Lower unit is occupied; upper is vacant Month to month ($600) Medium Rehab Roof – 10 years Hot water tank and furnace – 5 years Carpet […]

XXXX W 101st St, Cleveland, OH 44102

Property Details Property Type: Multi Family Home Bedrooms: 1 Bathrooms: 1 Total Size: 15,471 SQ FT Lot size: 8,651 SQ FT Estimated Market Rent: $750/unit Year Built: 1920 17 units, 5 occupied Brick Rented $500-$550 month-to -month Full rehab Can be stabilized on $12K a month How to Contact Us about this property and keep being […]

Responses