Own this fully renovated 3-bedrrom investment property in Brooklyn Centre Cleveland, generating $1,200 in monthly rents, with a 7.1% cap rate and $765 per month in positive cashflow
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
- 3-Bedroom
- 1.5-Bathroom
- 1,014 sq. ft.
- Fully Renovated
- $1,200/month rent
- Finance Pre-Approved for Non-U.S. Residents
Neighbourhood Statistics
This property is centrally located in Brooklyn Centre neighbourhood, with proximity to retail shops and restaurants, schools, Cleveland Metro Hospital, Cleveland Metroparks Zoo and other recreation areas such as Brooklyn Memorial Park and Brookside Reservation.
In addition, there is easy access to freeways and other surrounding west side neighborhoods such as Brooklyn, Stockyards, Clark / Fulton, Brookside, Tremont, Ohio City and Downtown areas.
Both house prices and rents are rising in this neighborhood, making it ideal for rental property investors seeking positive cashflow and steady long-term equity growth.
- Population Growth*: +7.01%
- Jobs Growth: +1.58% p.a.
- Per Capita Income: +6.3% p.a.
- Capital Appreciation: +9.14% p.a.
- Unemployment Trend: 0% p.a.
- Vacancy Rate Trend: +0.6% p.a.
- Homeownership Trend: -1.2% p.a.
- Rent Price Trend: +2.9% 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;
- Point/parge block foundation
- Replaced water heater
- Various plumbing repairs/updates
- Replaced furnace
- Add heat to 3rd bedroom
- Various electrical updates
- New kitchen
- New bathroom
- Interior remodel throughout
- Sub floor repairs
- Replaced roof
- Paint exterior siding
- Masonry repairs (chimney)
- Access to the Scope of Work is available on request.
Investment Returns
- Initial Cap Rate: 7.1%
- Gross Rents: $1,200/month
- Monthly Cashflow: $765/month
- 10-yr ROI: 13.8% 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!
