13314 Garden RD Active Save Request In-Person Tour Request Virtual Tour
East Cleveland,OH 44112
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,670 sqft
Price per Sqft $65
Subdivision Adam Graham Allotment
MLS Listing ID 5166760
Style Cape Cod
Bedrooms 4
Full Baths 2
Year Built 1920
Annual Tax Amount $1,543
Tax Year 2024
Lot Size 3,275 Sqft
Property Sub-Type Single Family Residence
Property Description
Investor Alert! Turnkey rental opportunity with solid returns and a tenant already in place! This well-maintained 4 bedroom, 2 full bathroom home generates $1,550/month in rent and delivers strong performance metrics — a 10.12% cap rate and an impressive 13.87% cash-on-cash ROI. With low monthly expenses of just $1,207.38, this investment provides a steady cash flow of $342.62/month right out of the gate. Financing terms are favorable with a 7% interest rate, 30-year amortization, and only $29,640 total cash needed to get in. At a purchase price of $110,000, this property is a smart addition to any portfolio — whether you're a seasoned investor seeking reliable passive income or a first-timer looking to build equity fast. Properties offering this kind of ROI, stability, and simplicity don't come around often — act fast before it's gone!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Fireplaces Number 1
Fireplaces Type Gas,Living Room
Laundry Electric Dryer Hookup,In Basement
Exterior
Parking Features Drain,Driveway,Detached,Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Chain Link,Full
Roof Type Asphalt
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District East Cleveland Csd - 1812
Others
Special Listing Condition Standard