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Cleveland, Cuyahoga County, Ohio, USA

Offers in Region of
USD $119,000
Cashflow Rentals, Wyoming
PROPERTY TYPE

Detached

BEDROOMS

2

BATHROOMS

1

SIZE

853 sq ft

79 sq m

Key features

  • Extensively Renovated
  • Close to Amenities
  • Tenant-Occupied
  • Financing Available
  • Positive Cashflow

Description

Own this fully renovated single family home on Cleveland's Westside, generating $1,200 in monthly rents, $729/month positive cashflow, 7.3% cap rate, and 14.1% p.a. 10-year projected ROI

*Email Agent for the Investment Analysis and Valuation Report*

Financing Available for Non-U.S. Residents
No credit check
No proof of income
No social security number
Up to 75% Loan-to-Value
30-Year fixed interest
Portfolio loans available
Close in 21 days or less

Property Details
Single Family Home
2-Bedroom
1-Bathroom
853 sq.ft
Fully Renovated
$1,200/month rents (current tenant)
Finance Pre-Approved for Non-U.S. Residents

Neighbourhood Statistics
Cudell is located on the West side of Cleveland, where good quality properties are in high demand from both renters and buyers.

Homeownership is rising, vacancy rates are falling, household income is rising significantly, and jobs growth is on the up. Property prices are reliably forecast to rise at 9.7% per year for the next 3 years.

This home is very well-located in close proximity to retail shops, restaurants, schools, places of worship, MetroHealth Hospital, Cleveland Metroparks, as well as other recreation areas such as the Michael Zone Rec Center.

In addition, there is easy access to freeways and bus line for commuting to other surrounding west side neighborhoods such as the West Blvd, Clark / Fulton, Detroit Shoreway, Edgewater, Tremont, and Downtown areas

Population Growth*: +6.25%
Jobs Growth: +1.58% p.a.
Household Income: +23.8% p.a.
Capital Appreciation: +10.33% p.a.
Unemployment Trend: 0% p.a.
Vacancy Rate Trend: -0.1% p.a.
Homeownership Trend: +2.6% p.a.
Rent Price Trend: +7.0% p.a.

*Population Growth over 5 years within a 3-miles radius of subject property. Data provided by CoreLogic. You can download the full neighbourhood report below.

Renovation
The home has been recently renovated to an exceptional standard, including;

Repair retaining wall
Repair exterior stairs
Foundation repair
Install floor jacks
Replaced water heater
Repair supply pipes
Replaced furnace
Repair ductwork
Replaced electric sub panel
Various electrical updates
Completely new kitchen
Completely new bathroom
Interior remodel throughout
Replaced 4 windows
Replaced interior doors
New flooring throughout
Drywall throughout
Seal and repair exterior cladding
Paint exterior
Replaced roof
Access to the Scope of Work is available on request.

Investment Returns
Initial Cap Rate: 7.3%
Gross Rents: $1,200
Net Monthly Cashflow: $729
10-yr ROI: 14.1% p.a. (unleveraged)

For access to the comprehensive 30-year buy and hold financial analysis, please enquire.

Due Diligence
Our team have completed phase 1 due diligence, including;

Purchase analysis
Financing pre-approval
30-yr buy and hold analysis
Seller disclosure review
Scope of work review
Initial home inspection
Title report
CMA valuation
328-datapoint neighbourhood analysis

Further pre-closing due diligence to include;

Lenders Appraisal (valuation)
Title Insurance
Final Home Inspection

For access to supporting documents, or to discuss this investment opportunity or financing for overseas investors, please enquire.

Never Overpay, or Buy a Problem Property Again!

We are real estate investors! Over the past 9 years we have closed on over 100+ investment properties of our own in the United States.

Today, we put our personal experience and team to work helping other overseas investors navigate the market, source high quality investment properties, get financed, and invest safely and remotely in the United States.

Our simple 5-step process allows you to invest safely and remotely;

1. A 1-2-1 personal strategy session directly with our senior management team to answer your questions and set your goals and objectives, and create an acquisition and financing strategy that is unique to you.

2. You choose from pre-approved properties that fit your budget and investment objectives, and have already passed phase 1 due diligence.

3. We submit your deal for funding, and complete the final phase of due diligence, including final home inspection and independent appraisal.

4. You get to close remotely within 21 days! Our team supports you through the closing process, ensuring your investment is expedient and hassle free.

5. Our asset management team ensure your investment stays profitable and tax-efficient long into the future, including high quality property management, bookkeeping, and tax filing.

For more information about the purchase process for overseas buyers, or to request our current inventory of pre-approved investment properties, please use the Email Agent button below, and we will be happy to help you!

Brochures

Neighbourhood ReportInvestor Guide

Cleveland, Cuyahoga County, Ohio, USA

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Detroit(International)
    99.1 miles
Advice on buying American property

Advice on buying American property

Learn everything you need to know to successfully find and buy a property in USA.

About Cashflow Rentals, Wyoming

We help Non-U.S. Residents build profitable rental property portfolios in the United States safely and remotely!

With 9 years’ experience and over 100+ personal rental property acquisitions in the United States as Non-U.S. Residents, we put our team and experience to work helping other Non-U.S. Residents invest with confidence in the U.S. real estate market.

Our simple, 5-step investment process allows you to fund and close on your ideal investment property within 21 days from the comfort of your own home.

1. Strategy Session – We work with you personally 1-on-1 to create an acquisition and financing strategy designed to achieve your long-term goals and investment objectives.

2. Choose a Property – You get to choose from pre-approved properties that have already passed phase 1 due diligence.

3. Funding & Due Diligence – We secure your funding from our specialist lenders and conduct phase 2 due diligence, ensuring you never overpay or buy a ‘problem property’.

4. Remote Closing – You close on your property fully remotely within 21 days and follow your deal from home through the online deal tracker.

5. Asset management – We ‘manage the manager’ reviewing your monthly property management statements, auditing expenses, and ensuring your U.S. taxes are minimal to zero.

We created the exact end-to-end consultancy service and experienced professional network we would have wanted access to when we first started buying property in the United States 9 years ago!

¿ Setting up your U.S. LLC

¿ Opening your U.S. bank account

¿ Sourcing high quality investment properties

¿ Conducting market and property due diligence

¿ Securing easy financing

¿ Remote closing

¿ Ongoing asset management

If you’re looking for your next investment property in the United States, we’d love to help

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Cashflow Rentals, Wyoming (reference OHELTO7804) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

Email agent

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