1492 Caswell Ct
Euclid, OH 44132

922 sq. ft., 2 bedroom / 1 bathroom

1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132
1492 Caswell Ct</br> Euclid, OH 44132

Property Information

Current Status Vacant
Lease Start Date N/A
Lease End Date N/A
Utilities Paid by Tenant
Initial Investment* $26,004

*Includes down payment plus $3,000 of closing costs

Purchase Price $106,500

Current Rent $1,000
Cap Rate 8%
Cash on Cash Return* 31%
Net Cash Flow Per Month* $160

*Assuming 20% down with a loan at 2PTS + 6.625% interest for 30 years. Including equity build up and 3% appreciation per year.

About This Property

New granite kitchen countertop, new granite kitchen backsplash, new kitchen sink, new electrical outlets & switches in kitchen, new bathroom base vanity & sink top, new toilet flush kit, new faucet & bathroom vanity, cleaned & caulked bathtub, new medicine cabinet, new toilet paper holder, new towel bar, new luxury vinyl plank flooring in kitchen & bathroom, new carpet flooring, repaired doors where needed, repaired damaged drywall throughout, new paneling in front part of basement, new utility sink & faucet in basement, new hot water tank, new furnace, new central AC, repaired siding, cleaned gutters, repaired wire fence & gate, repaired wood fence where needed, landscaping, interior & exterior paint.

This property also comes with a Home Warranty.

Financing Options

MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.

Property Management Company

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Investment Terms

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.

Buying Process

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