Off-Market Property at 3813 W 116th St, Cleveland, OH 44111
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3813 W 116th St, Cleveland, OH 44111

$180,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $167 per day and long-term for an average of $1,439 per month, based on similar listings in the area. Estimated short-term cap rate of 7.8%. Estimated long-term cap rate of 2.6%. Welcome to your new home! This delightful 3-bedroom, 2-bathroom All-Brick Bungalow offers a perfect blend of comfort and convenience. This residence is ideal for families and individuals seeking a cozy, low-maintenance living experience. Key Features: Spacious Living Areas: Enjoy an inviting floor plan with a bright and airy living room that flows seamlessly into the kitchen area. Well-Equipped Kitchen: The kitchen features ample cabinetry, sleek countertops, and quality appliances, making meal preparation a breeze. Comfortable Bedrooms: Three generously sized bedrooms provide plenty of space for relaxation and personalization. Outdoor Oasis: Step outside to your private backyard, perfect for entertaining, gardening, or simply unwinding after a long day. Convenient Location: Situated close to I-71 and Route 90, you will have easy access to everything you need while enjoying a peaceful residential setting. Additional Highlights: Includes a 2 car-garage and plenty of storage options. New Roof 2022. New Water Heater 2021. Do not miss this opportunity to own a charming and well-maintained bungalow in a sought-after location. Contact us today to schedule a viewing and make this house your new home! Agent related to seller.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1055
Bedrooms
3
Bathrooms
2
SQFT
1,131
Furnished
N/A
Year built
1952
Listing Status
Off Market
MLS
5063386

Short-term Rental Potential
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$26,664

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$159

Price/SQFT

Long-term Rental Potential
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$17,268

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,439/mo

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