15510 Stockbridge Ave Cleveland - Vertigo Investments

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15510 Stockbridge Ave Cleveland

OH $43,500

This property has been completely rehabbed and comes with a six month maintenance warranty. Amenities include:

  • Brand New Architectural Roof
  • Brick Exterior
  • Brand New Hot Water Heater
  • Brand New Furnace
  • Newly Updated Electrical
  • All New Plumbing
  • Brand New Carpet
  • Refinished Hardwood Floors
  • Remodelled Kitchen
  • Remodelled Bathroom
  • Freshly Painted Interior
  • Private Driveway

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The property is rented for $800 a month to a newly placed Tenant. The Tenant signed a recent, new one year lease and paid full cash security deposit equal to one month’s rent. This deposit is credited to the New Owner at closing. The current Property Manager placed the tenant and will stay on at New Owner’s request, ensuring a smooth transition after the sale.

Monthly Expenses

  • Property Taxes: $137.75
  • Insurance: $40.00
  • Water: Tenant Responsible
  • Sewer Fee: Tenant Responsible
  • Lawn: Tenant Responsible
  • Gas/Electric: Tenant Responsible
  • Snow Removal: Tenant Responsible
  • Property Management: $80.00 (10% of Collected Rent)


Income/ROI Information

  • Total Monthly Rental Income: $800.00
  • Total Monthly Expenses: $257.75
  • Positive Monthly Cash Flow: $542.25
  • Return on Investment: 15% (Based on Sale Price of $43,500)