E 176th St
Cleveland OH 44119

E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119

1088 sq. ft., 3 bedroom / 1 bathroom

E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119
E 176th St</br> Cleveland OH 44119

Property Information

Current Status Occupied
Lease Start Date 06/08/2024
Lease End Date 05/31/2025
Utilities Paid by Tenant
Initial Investment* $31,080

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

Purchase Price $130,000

Current Rent $1,200
Cap Rate 9%
Cash on Cash Return* 33%
Net Cash Flow Per Month* $231

*Assuming 20% down with a loan at 2PTS + 7% interest for 30 years. Including equity build up and 3% appreciation per year.

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About This Property

This house has recently undergone renovations and new tenant has moved in.
3 bedroom / 1 bath home with garage.

Renovations include:
*Restored Hardwood floors throughout
*Updated bathroom Refinished tub & sink
*Fresh Paint throughout
*New Rear Entry Door
*New Closet Doors
*Deep Clean Throughout
*Roof approx 5 yrs old
*Gutters cleaned 11.24
*Furnace tune up 11.24

Tenant is a cash paying tenant and pays on time every month.

Photos do not reflect the updates to kitchen and bath.

The house has lead safe certificate thru Jan’25.

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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