Home for Sale at 13314 Garden Road in East Cleveland, OH for $110,000

13314 Garden Road | East Cleveland

$110,000 | 4 Beds | 2 Baths (2 Full) | 1,670 Sq. Ft.

Investor Alert! Turnkey rental opportunity with solid returns and a tenant already in place! This well-maintained 4 bedroom, 2 full bathroom home generates $1,550/month in rent and delivers strong performance metrics \u2014 a 10.12% cap rate and an impressive 13.87% cash-on-cash ROI. With low monthly expenses of just $1,207.38, this investment provides a steady cash flow of $342.62/month right out of the gate. Financing terms are favorable with a 7% interest rate, 30-year amortization, and only $29,640 total cash needed to get in. At a purchase price of $110,000, this property is a smart addition to any portfolio \u2014 whether you\u2019re a seasoned investor seeking reliable passive income or a first-timer looking to build equity fast. Properties offering this kind of ROI, stability, and simplicity don\u2019t come around often \u2014 act fast before it\u2019s gone! MLSNow 5166760

Directions to property: On Garden

MLS Listing ID: 
MLSNow 5166760
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$110,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
East Cleveland
Address: 
13314 Garden Road, East Cleveland, OH 44112
County: 
Cuyahoga
Latitude: 
41.5348430
Longitude: 
-81.5896450
Directions: 
On Garden
Public Remarks: 
Investor Alert! Turnkey rental opportunity with solid returns and a tenant already in place! This well-maintained 4 bedroom, 2 full bathroom home generates $1,550/month in rent and delivers strong performance metrics \u2014 a 10.12% cap rate and an impressive 13.87% cash-on-cash ROI. With low monthly expenses of just $1,207.38, this investment provides a steady cash flow of $342.62/month right out of the gate. Financing terms are favorable with a 7% interest rate, 30-year amortization, and only $29,640 total cash needed to get in. At a purchase price of $110,000, this property is a smart addition to any portfolio \u2014 whether you\u2019re a seasoned investor seeking reliable passive income or a first-timer looking to build equity fast. Properties offering this kind of ROI, stability, and simplicity don\u2019t come around often \u2014 act fast before it\u2019s gone!
Community Information
School District: 
East Cleveland CSD - 1812
Subdivision: 
Adam Graham Allotment
Building Details
Details about the building on a property.
Architectural Style: 
Cape Cod
Stories: 
2
Year Built: 
1920
Living Area: 
1,670
Basement: 
Full,Partially Finished,Storage Space
Interior: 
Ceiling Fan(s),Walk-In Closet(s)
Construction
Construction Materials: 
Wood Siding
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Rooms: 
8
Total Bedrooms: 
4
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.08
Lot Size (Area): 
0.08
Lot Features
Parking Type: 
Drain,Driveway,Detached,Garage
Fence: 
Chain Link,Full
Public Record
Parcel Number: 
671-05-166
Annual Tax: 
$1,543.00
Contract Details
Details about the listing contract.
Possession: 
Other
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Amanda S Pohlman
Listing Co-Agent Name: 
Irene Molnar
Listing Office Name: 
Keller Williams Living
Listing Co-Office Name: 
Keller Williams Living

Request More Information