Deal summary

Section 8 SFH in Cleveland, OH 44103 – $80,000

3 bed · 1 bath · 1691 sqft · built 1897 · Cuyahoga County

Add this tenant-occupied 3-bed, 1-bath Cleveland SFR to your rental portfolio for just $80,000. The tenant has been informed that the rent will increase to $1,320/month, making this an attractive buy-and-hold opportunity for cash-flow-focused investors. Based on estimated DSCR financing at 7% interest with 20% down, projected net cash flow is approximately $407/month or $4,887/year, with an estimated 23.27% cash-on-cash return. Recent updates include a 6-month-old water heater, a roof approximately 2–4 years old, and plumbing that is roughly 16 years old. The tenant is currently on a month-to-month arrangement and has lived at the property for approximately 17 years, offering a long history of tenancy. Great opportunity for an investor looking for immediate rental income and strong cash-flow potential in Cleveland.

est. rehab $15,000