10401 Olivet Ave Cleveland - Vertigo Investments

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10401 Olivet Ave Cleveland

OH 44108$48,500

This property has been completely rehabbed. Amenities include:

  • Vinyl Sided
  • Newer Roof
  • Vinyl Windows
  • Freshly Painted Interior
  • Brand New Carpet Throughout
  • Updated Electrical
  • Brand New Plumbing
  • Brand New Hot Water Tank
  • Brand New Furnace
  • Remodelled Kitchen
  • Remodelled Bathrooms
  • Private Driveway

  • Rental Information
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The property will rent for $825 a month. Anticipated move-in date is 10/15/15.

Monthly Expenses

  • Property Taxes: $92.50
  • Insurance: $40.00
  • Water: Tenant Responsible
  • Sewer Fee: Tenant Responsible
  • Lawn: Tenant Responsible
  • Gas/Electric: Tenant Responsible
  • Snow Removal: Tenant Responsible
  • Property Management: $82.50 (10% of Collected Rent)

 

Income/ROI Information

  • Total Monthly Rental Income: $825.00
  • Total Monthly Expenses: $215.00
  • Positive Monthly Cash Flow: $610.00
  • Return on Investment: 15.1% (Based on Sale Price of $48,500)