If you’re in the market for a promising investment property, look no further than this amazing turnkey rental in Cleveland, Ohio. This newly renovated property is move-in ready and offers a plethora of attractive features that make it an excellent opportunity for both homeowners and investors.
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One of the most enticing aspects of this property is its impressive financial potential. With a gross yield of 14% and a cap rate of 10%, investors can expect a solid return on their investment. These numbers indicate that the property’s rental income will cover all expenses associated with the property, including mortgage payments, property taxes, and maintenance costs, while still providing a positive cash flow.
The recent upgrades to this property, such as a new furnace and water heater, ensure that owners and tenants can enjoy a comfortable living environment without worrying about major repairs or replacements. The inclusion of these new appliances also adds value to the property and makes it more appealing to potential renters.
The flexibility offered by this property is another standout feature. Whether you prefer to have it delivered vacant or already leased, the choice is yours. This means that if you’re an investor, you can start generating income immediately by acquiring a property with tenants already in place. On the other hand, if you’re looking for a place to call home, you have the option to move in right away and enjoy the benefits of homeownership.
For investors interested in Section 8 housing, this property is Section 8 ready, opening up the possibility of guaranteed rental income. The demand for affordable housing through Section 8 programs is consistently high, providing a reliable source of income for property owners in this market.
The updated kitchen with new appliances is a significant selling point for potential tenants or homeowners. A well-equipped kitchen is often considered a crucial feature in any home, and this property certainly delivers on that front. With plenty of room to grow, residents can easily customize the space to suit their personal preferences and needs.
Whether you’re an investor seeking a cash-flowing property or an individual looking for a new home, this Cleveland, Ohio investment property is certainly worth considering. Its impressive financial returns, recent renovations, flexibility, and updated kitchen make it an opportunity that shouldn’t be missed. Don’t delay – schedule a viewing today and see for yourself the potential this property holds.
8205 Dorver Avenue, Cleveland, OH 44105