13503 Kelso Ave Cleveland - Vertigo Investments

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13503 Kelso Ave Cleveland

OH 44110$46,000

This property has been completely rehabbed and comes with a six month maintenance warranty. Amenities include:

  • Newer Roof (Less than 5 Year’s Old)
  • Vinyl Sided
  • Vinyl Windows
  • Brand New Hot Water Heater
  • Brand New Furnace
  • Updated Electrical
  • All New Plumbing
  • Brand New Carpet
  • Remodelled Kitchen
  • Remodelled Bathroom
  • Freshly Painted Interior
  • Private Driveway

  • Rental Information
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The property is rented for $750 a month. Tenant signed a recent, new one year lease and paid full cash security deposit equal to one month’s rent. This deposit is credited to the New Owner at closing. The current Property Manager placed the tenant and will stay on at New Owner’s request, ensuring a smooth transition after the sale.

Monthly Expenses

  • Property Taxes: $32.50
  • Insurance: $40.00
  • Water: Tenant Responsible
  • Sewer Fee: $20.00
  • Lawn: Tenant Responsible
  • Gas/Electric: Tenant Responsible
  • Snow Removal: Tenant Responsible
  • Property Management: $75.00 (10% of Collected Rent)

 

Income/ROI Information

  • Total Monthly Rental Income: $750.00
  • Total Monthly Expenses: $167.50
  • Positive Monthly Cash Flow: $582.50
  • Return on Investment: 15.2% (Based on Sale Price of $46,000)