Own this fully renovated single family home on Cleveland’s Westside, generating $1,200 in monthly rents, with a 7.3% cap rate and 14.1% p.a. 10-year projected ROI Financing Available for Non-U.S. Residents No credit check No proof of income No social security number Up to 75% Loan-to-Value 30-Year fixed interest Portfolio loans available Close in 21 days or less Property Details Single Family Home 2-Bedroom 1-Bathroom 853 sq.ft Fully Renovated $1,200/month rents (current tenant) Neighbourhood Statistics Cudell is located on the West side of Cleveland, where good quality properties are in high demand from both renters and buyers. Homeownership is rising, vacancy rates are falling, household income is rising significantly, and jobs growth is on the up. Property prices are reliably forecast to rise at 9.7% per year for the next 3 years. This home is very well-located in close proximity to retail shops, restaurants, schools, places of worship, MetroHealth Hospital, Cleveland Metroparks, as well as other recreation areas such as the Michael Zone Rec Center. In addition, there is easy access to freeways and bus line for commuting to other surrounding west side neighborhoods such as the West Blvd, Clark / Fulton, Detroit Shoreway, Edgewater, Tremont, and Downtown areas Population Growth*: +6.25% Jobs Growth: +1.58% p.a. Household Income: +23.8% p.a. Capital Appreciation: +10.33% p.a. Unemployment Trend: 0% p.a. Vacancy Rate Trend: -0.1% p.a. Homeownership Trend: +2.6% p.a. Rent Price Trend: +7.0% p.a. *Population Growth over 5 years within a 3-miles radius of subject property. Data provided by Corelogic. For access to the full neighborhood report, please make an enquiry. Renovation The home has been recently renovated to an exceptional standard , including; Repair retaining wall Repair exterior stairs Foundation repair Install floor jacks Replaced water heater Repair supply pipes Replaced furnace Repair ductwork Replaced electric sub panel Various electrical updates Completely new kitchen Completely new bathroom Interior remodel throughout Replaced 4 windows Replaced interior doors New flooring throughout Drywall throughout Seal and repair exterior cladding Paint exterior Replaced roof Access to the Scope of Work is available on request. Investment Returns Initial Cap Rate: 7.3% Gross Rents: $1,200 10-yr ROI: 14.1% p.a. (unleveraged) For access to the comprehensive 30-year buy and hold financial analysis, please enquire. Due Diligence Our team have completed phase 1 due diligence, including; Purchase analysis Financing pre-approval 30-yr buy and hold analysis Seller disclosure review Scope of work review Initial home inspection Title report CMA valuation 328-datapoint neighbourhood analysis Further pre-closing due diligence to include; Lenders Appraisal (valuation) Title Insurance Final Home Inspection For access to supporting documents, or to discuss this investment opportunity or financing for overseas investors, please enquire. Never Overpay, or Buy a Problem Property Again! We are real estate investors! Over the past 9 years we have closed on over 100+ investment properties of our own in the United States. Today, we put our personal experience and team to work helping other overseas investors navigate the market, source high quality investment properties, get financed, and invest safely and remotely in the United States. Our simple 5-step process allows you to invest safely and remotely ; 1. A 1-2-1 personal strategy session directly with our senior management team to answer your questions and set your goals and objectives, and create an acquisition and financing strategy that is unique to you. 2. You choose from pre-approved properties that fit your budget and investment objectives, and have already passed phase 1 due diligence. 3. We submit your deal for funding, and complete the final phase of due diligence, including final home inspection and independent appraisal. 4. You get to close remotely within 21 days! Our team supports you through the closing process, ensuring your investment is expedient and hassle free. 5. Our asset management team ensure your investment stays profitable and tax-efficient long into the future, including high quality property management, bookkeeping, and tax filing. For more information about the purchase process for overseas buyers, or to request our current inventory of pre-approved investment properties, please use the Email Agent button below, and we will be happy to help you!
