Turnkey Investment Opportunity ~11% Cash-on-Cash Return
This well-maintained 3-bedroom, 1-bath single-family ranch offers strong cash flow from day one with minimal owner involvement. The home was refreshed just over a year ago prior to tenant placement and has been consistently maintained since.
The property is currently occupied by an EDEN-subsidized tenant generating $1,368 in monthly rent, providing reliable and predictable income. Monthly operating expenses total approximately $380, consisting of property management ($82), property taxes ($101), insurance ($60), vacancy reserve ($68), and maintenance reserve ($68). This results in
...read more a monthly net operating income of approximately $988, supporting an estimated ~11% cash-on-cash return at the current asking price.The home features vinyl siding, newer windows, and a newer roof, helping keep capital expenditures low and long-term ownership simple. Centrally located in Cleveland with quick access to major highways, the property is approximately 20 minutes from downtown and close to shopping, dining, and everyday amenities?supporting long-term tenant demand and stability.A true turnkey investment with documented cash flow, subsidized income, and attractive returns.Some photos may be virtually staged.