2337 Greenvale Rd
Cleveland, OH 44121

754 sq. ft., 2 bedroom / 1 bathroom

2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121
2337 Greenvale Rd</br> Cleveland, OH 44121

Property Information

Current Status Occupied
Lease Start Date 10/01/2021
Lease End Date 09/30/2022
Utilities Paid by Tenant
Initial Investment* $21,200

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

Purchase Price $87,500

Current Rent $875
Cap Rate 8%
Cash on Cash Return* 13%
Net Cash Flow Per Month* $235

*Assuming 20% down with a loan at 4.5% interest for 30 years.

Renovations Completed

New duct work, new pipe boot, new piston at front door, repaired front window, 2 new smoke detectors, new vent grill at rear, secured front railings, caulked side stairs, repaired trim at front left of house, new rear gutter board, repaired siding, and repaired exterior crack. New HWT.

This property also comes with a 1-year 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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