Under Contract
This Bedford, Ohio property is a great turnkey investment opportunity in a proven rental area. The home features 3 bedrooms, 2 full bathrooms, and a 1-car garage, with approximately 1,162 sq. ft. on the main level plus an additional 748 sq. ft. basement.
We currently have approximately 30 properties in Bedford, including four of my own personal properties, so we know this market very well. Bedford has been a strong rental area for us, with good tenant demand and solid long-term income potential.
This home will be updated to the max, with all appropriate interior updates completed before purchase. When finished, it will feel like a brand-new house. The property will also include a one-year warranty for added peace of mind.
Investment Numbers:
Purchase Price: $165,000
Retail Value: Approx. $190,000
Built-In Equity: Approx. $25,000
Expected Rent: $1,700/month
Estimated Net Income After Taxes, Insurance & Property Management: Approx. $1,225/month
Estimated Annual Net Income: Approx. $14,700/year
Property Management Fee: $125 flat monthly fee
We will also lease and manage the property for you, making this a true turnkey investment from day one. Our property management system has a 99.5% success rate, and we handle the leasing, tenant placement, monthly management, and ongoing property needs.
This is a strong opportunity for an investor looking for income, equity, and a fully managed rental property in the Cleveland Metro area.
Brett Young – Key Realty LTD
Call/Text: 216-703-5740
Cleveland Income Real Estate
https://www.clevelandincomerealestate.com/
Stats: https://realincomeproperties.blogspot.com/
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