1290 East 188th St Cleveland - Vertigo Investments

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1290 East 188th St Cleveland

OH 44110 $44,000

This property has been completely rehabbed. Amenities include:

  • Newer Architectural Roof (Estimated 2 Years Old)
  • Vinyl Siding
  • Freshly Painted Interior
  • Newly Refinished Hardwood Floors Throughout
  • Updated Electrical
  • Updated Plumbing
  • Brand New Hot Water Tank
  • Brand New Furnace
  • Remodelled Kitchen
  • Remodelled Bathroom
  • Private Driveway

  • Rental Information
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The property is rented for $725 a month. Tenant is in.

Monthly Expenses

  • Property Taxes: $38.15
  • Insurance: $40.00
  • Water: Tenant Responsible
  • Sewer Fee: Tenant Responsible
  • Lawn: Tenant Responsible
  • Gas/Electric: Tenant Responsible
  • Snow Removal: Tenant Responsible
  • Property Management: $50.00

 

Income/ROI Information

  • Total Monthly Rental Income: $725.00
  • Total Monthly Expenses: $128.15
  • Positive Monthly Cash Flow: $596.85
  • Return on Investment: 15.08% (Based on Sale Price of $47,500)