Factsheet for home ID: 1029 at 4627 E 147th St, Cleveland, OH 44128

Why invest in Cleveland rental properties?
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Fully renovated Cape Cod home

Fully renovated, 1995 Built 3-bed, 2-bath Cape Cod home that combines timeless character with modern upgrades for long-term value and rental appeal. ✨ Key Highlights: ✅ Fully Renovated: Brand new kitchen with modern cabinets, countertops, and appliances 🛏 3 Bedrooms / 2 Full Baths: One bedroom and bath on main level; two spacious bedrooms upstairs 💡 Updated lighting, new vinyl plank flooring, and completely remodeled bathrooms 🧱 Waterproofed basement: Added durability and protection 🚗 Attached Garage: A rare and valuable amenity for tenants 🔥 Newer Furnace & Hot Water Tank: Reduced maintenance costs and increased reliability 🌳 Spacious yard ideal for outdoor enjoyment or future enhancements This property checks all the boxes for turnkey cash flow and low-maintenance ownership, making it a strong fit for our co-ownership investment model.

Property Details

Layout: 3 bed, 2 bath, 1 car Garage, 1 Basement

Living Area: 1332 sqft

Lot Size: 6438 sqft

Closing Date: Not Available

Co-Ownership Offer Price: $146,240.00

Monthly Rent: $1,650.00

Cap Rate (Profit / Value): 10.00%

Minimum Co-ownership: 10% at $16,250.00

Monthly Cashflow: $1,219.00

Annual Revenue: $19,800.00

Annual Expenses: $5,177.00

  • Property Tax: $3,277.00
  • Property Insurance: $600.00
  • SW Subscription: $300.00
  • LLC Annual Report: $500.00
  • Tax Filing: $500.00