12909 melgrove. Garfield Hights 44105 $ 63,000 - 44105 CLEVELAND Date: 1 / 19 / 2019 12909 Melgrove Garfield…

12909 melgrove. Garfield Hights 44105
$ 63,000 - 44105 CLEVELAND

Date: 1 / 19 / 2019

? 12909 Melgrove Garfield Hights
?Country
? City
? neighborhood

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Type of transaction
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️ The type of transaction a property that already has a paying tenant - the TurnKey deal
? The property under contract? - Yes, the property is under contract
? Multi-property property? - No

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Transaction data and asset
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? Buyer Price in Dollars: 62000
? Living Size in Square Fit: Property size in square fit sqft 1344
️ Year of construction: 1941
? Number of units in the property (doors): 1
? Number of bedrooms: 4
? Number of services: 2
⛏ Estimating the price for renovation required in dollars: 100
️ What renovation date should be completed: 1 / 15 / 2019 0: 00: 00
? Have you done this? Yes
? Link to the Axel Renovation Assessment if there is an assessment:
? Promoter escort fee: 5000
? Estimating closing costs and additional costs in dollars: 800
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? Total investment (purchase price + renovation price + escort fee + closing costs): 62900
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? About the area:
Why invest in neighborhoods around Cleveland?
The CNBC website rated Cleveland as the leading city in the United States in yields, with low entry prices of approximately NIS X per apartment and a yield reaching 200,000 percent and above, the city becoming the hottest destination for US real estate investment.
Declining unemployment rate and rising house prices, all relevant real estate market profitability indicators indicate consistent economic growth in Cleveland.
The downward trend in housing prices, which characterized the city over the years, was reversed: housing prices rose, as did the demand for apartments. The unemployment rate fell to 2006 in November, less than half the rate in 2013.

? About the property:
Good property on the street, including a tenant tested with a one-year contract, one year warranty on repairs.

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Expected annual revenues
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? Monthly rental 920
? Annual rental 11040

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Expected annual expenses
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Provision for unearned property leased: 600
? 1104 management company
? Maintenance: 500
️ Arnona: 1500
✍️ Insurance: 600
? Community Payments: 0
? Total annual expenses: 4704

? Net pre-tax annual cash flow:
? Gross Annual Return: 18%
? Net Annual Return: 10.38%

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? Comparative market data
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? Estimated market value of the property after renovation: 65000
️ Percentage of total investment relative to market price: 1

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? Comparative Market Analysis - First Property:
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? Address: 14113 Rexwood Ave
? Living Size in Square Pitt: undefined sqft
️ Year of construction: undefined
? Number of bedrooms: 4
? Number of services: 1
? Distance from property: 0.5 miles
When did it sell: 43764

Exclusive format for the real estate forum of the US Real Estate Forum: https://www.facebook.com/groups/RealEstateIsraelUSAFAQ

To view this property and other assets in the property arena: https://www.facebook.com/groups/711026639303612/

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? Sales Comparative Market Analysis - Second Property:
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? Address: 44
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms: 44
? Number of services: 44
? Distance from property: 44 miles
When did it sell: 43466

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? Comparative Market Analysis - Third Property:
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? Address: 44
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms: 44
? Number of services: 44
? Distance from property: 44 miles
When did it sell: 43466