8706 Macomb Ave Cleveland - Vertigo Investments

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8706 Macomb Ave Cleveland

OH 44105$48,500

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

  • Vinyl Windows
  • Aluminum Sided
  • Newer Hot Water Heater
  • Newer Furnace
  • Updated Electrical
  • Updated Plumbing
  • Refinished Hardwood Floors
  • Remodelled Kitchen
  • Remodelled Bathroom
  • Freshly Painted Interior
  • Working Garage with Private Driveway

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The property is rented for $900 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: $100.75
  • Insurance: $40.00
  • Water: Tenant Responsible
  • Sewer Fee: $10.50
  • Lawn: Tenant Responsible
  • Gas/Electric: Tenant Responsible
  • Snow Removal: Tenant Responsible
  • Property Management: $90.00 (10% of Collected Rent)


Income/ROI Information

  • Total Monthly Rental Income: $900.00
  • Total Monthly Expenses: $241.25
  • Positive Monthly Cash Flow: $658.75
  • Return on Investment: 16.3% (Based on Sale Price of $48,500)