Selected Deals

Lilac Rd, South Euclid
House
Capital Gain
Gain on Purchase 31%
Purchase Price
$110,000
Rehab Costs
$0
Closing Costs
$700
All-In
$110,700
Property Value
$160,000
Yield After Purchase
Net Yield 8.5%
Monthly Rent
$1350
Yearly Insurance
-$550
Yearly Taxes
-$3000
Vacancy Rate
-10%
PM Fees
-10%

The Story Behind the Deal

A house was purchased off-market from an investor liquidating his US properties in a quick cash deal at over 30% below market price. Located in a very high-quality neighborhood, the house was bought after being renovated by the previous owner and rented to a tenant. Since the property was acquired with a tenant in place, it generated rental income from day one and required no additional investment in renovations.

Elsmere Dr, Euclid
House
Capital Gain
Gain on Purchase 23.5%
Purchase Price
$75,000
Rehab Costs
$35,000
Closing Costs
$700
All-In
$110,700
Property Value
$145,000
Yield After Purchase
Net Yield 8.7%
Monthly Rent
$1350
Yearly Insurance
-$550
Yearly Taxes
-$2800
Vacancy Rate
-10%
PM Fees
-10%

The Story Behind the Deal

When the property on Elsmere Street was listed for sale at $95,000, we immediately sent an agent to video the house for us and fell in love. A spacious house with a forest in the back and hardwood floors throughout. After several rounds of negotiation, we managed to reduce the purchase price to $75,000 and began renovation. The house was rented within a few days in the middle of winter due to its beauty.

Reddington Ave, Maple Heights
Capital Gain
Gain on Purchase 36%
Purchase Price
$72,000
Rehab Costs
$15,000
Closing Costs
$700
All-In
$89,650
Property Value
$140,000
Yield After Purchase
Net Yield 10.5%
Monthly Rent
$1300
Yearly Insurance
-$550
Yearly Taxes
-$2575
Vacancy Rate
-10%
PM Fees
-10%

The Story Behind the Deal

The property on Reddington Street came to us from a wholesaler we work with, who asked for $80,000. The house sits on a double lot (about an acre) and includes a double garage attached to the house and a finished basement turned into a living unit. After a quick visit by our representative, it was found that the house was in good condition but was occupied by the owner’s niece, who had a dispute with him, paid a low rent of $650, and had a few months left on her lease. After negotiations, we bought the house that same day for $72,000. After a few months of honoring the lease agreement, the tenant voluntarily moved out, leaving us with a very profitable deal.

Hartland Rd, Euclid
Capital Gain
Gain on Purchase 24%
Purchase price
$82,000
Rehab cost
$18,000
Rent Loss
$2500
Closing costs
$700
All-In
$103,200
Property Value
$135,000
Yield After Purchase
Net Yield 9.4%
Monthly rent
$1300
Yearly insurance
-$550
Yearly taxes
-$2100
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Hartland Rd, was listed for sale at $110,000. It looked beautiful in the photos and was located in a good area. The property details mentioned it was rented to a tenant for $1,025 with a few months left on the lease, indicating a potential good deal. We put the property under contract for $102,000. After receiving the city’s repair demands (POS), we negotiated the price down to $90,000, and following our inspection, further reduced it to $82,000.

255th St, Euclid
Capital Gain
Gain on Purchase 23%
Purchase price
$100,000
Rehab cost
$15,000
Closing costs
$700
All-In
$115,700
Property Value
$150,000
Yield After Purchase
Net Yield 8.5%
Monthly rent
$1350
Yearly insurance
-$550
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal​

The property at 255 Euclid Street was listed for sale at $110,000. It stood out for its attractive location near Victoria Lake and close to a route leading to Cleveland Clinic, one of the world’s top hospitals. After visiting the property, we saw potential to add a bedroom in the attic. We put the property under contract for $106,000 and reduced the purchase price to $100,000. After renovating the property and adding an extra room, the deal became very profitable.

254th St, Euclid
Capital Gain
Gain on Purchase 20%
Purchase price
$102,000
Rehab cost
$9,200
Closing costs
$700
All-In
$111,900
Property Value
$140,000
Yield After Purchase
Net Yield 8.8%
Monthly rent
$1350
Yearly insurance
-$550
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal​

During the purchase of the Hartland Rd property from an heir, we learned she inherited another property at 254th Street. The property was already under contract for $125,000 with a buyer intending to live there, as it was in excellent condition. After completing the Hartland deal, the seller’s agent informed us that the sale fell through because the bank didn’t approve the buyer’s mortgage. The heir, wanting to quickly finalize the inheritance, knew we could buy properties fast and in cash. After brief negotiations, we agreed on a purchase price of $107,000, which we then reduced to $102,000 after inspecting the property.

Kirkwood Rd, Cleveland Heights
Capital Gain
Gain on Purchase 24%
Purchase price
$100,000
Rehab cost
$20,800
Closing costs
$700
All-In
$121,500
Property Value
$160,000
Yield After Purchase
Net Yield 8.3%
Monthly rent
$1550
Yearly insurance
-$550
Yearly taxes
-$4200
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal​

The house on Kirkwood Street is located in a fairly prestigious neighborhood of Cleveland Heights. It is an impressive house situated among luxurious and spacious homes. The challenge with investing in rentals in such areas is the high property tax that affects the owner’s return. Initially listed at $121,000 and later reduced to $115,000, we saw great potential in the house. Renovating the original hardwood floors hidden under carpets, modernizing the bathroom, and updating the kitchen would make the house fit the upscale neighborhood. After two months of negotiations, the property was finally purchased for $100,000.

209th St, Euclid
Capital Gain
Gain on Purchase 20%
Purchase price
$101,000
Rehab cost
$8,000
Closing costs
$700
All-In
$108,700
Property Value
$137,000
Yield After Purchase
Net Yield 8.9%
Monthly rent
$1300
Yearly insurance
-$550
Yearly taxes
-$2200
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal​

The property on 209th Street in Euclid was part of a package deal from a dissolved partnership. We were interested in two properties on 209th Street and agreed to purchase both for $202,000. The tenant-occupied property had no photos, deterring buyers. Upon visiting, we found it had undergone extensive renovations. The only drawback was below-market rent and a landlord with poor interpersonal skills. The second house had issues, so we purchased only one property for $101,000. After the tenant moved out and investing about $8,000, it will be rented at market price.

Redfern Rd, Parma
Capital Gain
Gain on Purchase 23.5%
Purchase price
$147,500
Rehab cost
$8,500
Closing costs
$700
All-In
$156,700
Property Value
$205,000
Yield After Purchase
Net Yield 8.8%
Monthly rent
$1845
Yearly insurance
-$550
Yearly taxes
-$3350
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

We bought the property on Redfern after receiving a challenge from a client: to find a rental deal that would work well in the Parma neighborhood, which is more suitable for flips than rentals. After examining many properties, we identified a house on a desirable street with 4 bedrooms, 3 bathrooms, and a finished basement. The house underwent minor renovations and was rented out even during the renovation process.

242nd St, Euclid
House
Capital Gain
Gain on Purchase 23%
Purchase price
$99,900
Rehab cost
$12,000
Closing costs
$700
All-In
$112,600
Property Value
$146,000
Yield After Purchase
Net Yield 8.5%
Monthly rent
$1250
Yearly insurance
-$650
Yearly taxes
-$1800
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal​

The story here was simple and profitable. The house is in a good area and relatively large for the neighborhood. It was listed for $99,900 and required minimal renovation. In such cases, securing the property quickly is crucial, so we immediately offered the asking price and signed the sale agreement within an hour despite high interest. The property required minimal renovation and was rented out within a week to a quality tenant.

Princeton Blvd, South Euclid
Capital Gain
Gain on Purchase 25%
Purchase price
$90,000
Rehab cost
$26,000
Closing costs
$700
All-In
$116,700
Property Value
$155,000
Yield After Purchase
Net Yield 9.4%
Monthly rent
$1550
Yearly insurance
-$650
Yearly taxes
-$3200
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal​

This property is in a very high-quality neighborhood and was sold as part of a package deal due to a court ruling against the seller in favor of the IRS. Initially listed at $120,000 with a tenant, it wasn’t attractive enough, and our offer was rejected. Two months later, the price dropped to $105,000, and we resumed negotiations. The tenant had left, and a storm had damaged a wall. We agreed to buy it for $97,000 and reduced it to $90,000 after an inspection. The house was renovated for $26,000, adding an extra bathroom, kitchen counters, and general refreshment.

Oakwood Ave, Maple Heights
Capital Gain
Gain on Purchase 20%
Purchase price
$92,000
Rehab cost
$19,000
Closing costs
$700
All-In
$111,700
Property Value
$139,000
Yield After Purchase
Net Yield 8.7%
Monthly rent
$1350
Yearly insurance
-$650
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The house on Oakwood St. was listed for $105,000 and appeared fully renovated in the photos. It received many offers, another offer was accepted, but a few days later we were informed the deal wasn’t progressing, and our offer was accepted. The inspection revealed various issues, and we requested a price reduction to $92,000. The seller agreed to lower it only to $100,000, so we decided not to proceed. After staying in touch, two months later, the seller agreed to sell for $92,000. After a $19,000 renovation, the house will be in excellent condition for the neighborhood. 

Markbarry Ave, Euclid
Capital Gain
Gain on Purchase 26%
Purchase price
$105,000
Rehab cost
$20,000
Closing costs
$700
All-In
$125,700
Property Value
$170,000
Yield After Purchase
Net Yield 8.75%
Monthly rent
$1650
Yearly insurance
-$650
Yearly taxes
-$3200
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The house on Markbarry was initially listed for $145,000. It’s in a unique, well-kept neighborhood with similar houses and a charming atmosphere. When the seller reduced the price to $125,000, we offered $105,000, but the seller refused and contracted with another buyer. After two weeks, we stayed in touch and learned the deal wasn’t progressing due to the seller’s divorce and debts. We didn’t increase our offer, and a few days later, secured the house for $105,000. After a $20,000 renovation, the house’s value is about $170,000.

Nicholas Ave, Euclid
House
Capital Gain
Gain on Purchase 23%
Purchase price
$93,000
Rehab cost
$10,000
Closing costs
$700
All-In
$103,700
Property Value
$135,000
Yield After Purchase
Net Yield 8.9%
Monthly rent
$1250
Yearly insurance
-$650
Yearly taxes
-$2100
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Nicholas Street in Euclid is what we call a ‘classic rental.’ The house has been renovated in recent years, with new systems, and is rented to a good tenant paying $1,250 per month. It was listed for $133,000, and after extensive monitoring and negotiations, we purchased it for a client for $93,000. The investment in repairs, including new asphalt paving and replacing the garage roof, is $10,000, and the client has been enjoying rental income from day one.

Mallard Ave, Euclid
House
Capital Gain
Gain on Purchase 17%
Purchase price
$97,000
Rehab cost
$17,000
Closing costs
$700
All-In
$114,700
Property Value
$138,000
Yield After Purchase
Net Yield 8.2%
Monthly rent
$1300
Yearly insurance
-$600
Yearly taxes
-$2460
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Mallard Street in Euclid caught our eye due to its attractive location in one of the town’s higher-quality areas. It was listed at the end of September for $127,500, and we began monitoring it. After a long process that lasted months and after the seller even invested in replacing carpets throughout the property, we purchased it for $97,000. The renovation investment is $17,000, including various repairs and replacing the heating system, air conditioner, and water heater, ensuring the property will serve its owners without significant issues for years.

Tamalga Dr, South Euclid
Capital Gain
Gain on Purchase 29%
Purchase price
$74,000
Rehab cost
$45,000
Closing costs
$700
All-In
$120,700
Property Value
$170,000
Yield After Purchase
Net Yield 8.2%
Monthly rent
$1450
Yearly insurance
-$600
Yearly taxes
-$1900
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Temalaga Street is located in a very high-quality neighborhood. It was listed for $90,000 after being abandoned for many years. It is a small house with 2 bedrooms, a basement, and an attic where we saw potential for an additional room. After negotiations, we purchased the property for $74,000, and the renovation investment is $45,000. This includes building a room in the attic, adding a bathroom, expanding and replacing the kitchen, renovating the old bathroom and the entire house, and installing new systems. Post-renovation, the property will be in excellent condition, ensuring good rental income for years.

Briardale Ave, Euclid
Capital Gain
Gain on Purchase 25%
Purchase price
$102,000
Rehab cost
$6,000
Closing costs
$700
All-In
$108,700
Property Value
$145,000
Yield After Purchase
Net Yield 8%
Monthly rent
$1235
Yearly insurance
-$650
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Briardale Street in Euclid was listed for sale three months ago and immediately caught our eye. It is a well-maintained, relatively large house in a good area. The house was rented to a tenant for $1,235 (with the current market value estimated at $1,350). The issue was the asking price of $125,000. After extensive monitoring and negotiations, we purchased the house for a client for $102,000. The investment in repairs, including concrete fixes, roof sealing, and various interior repairs, is $6,000. The client enjoys rental income from day one.

Salisbury Rd, South Euclid
Capital Gain
Gain on Purchase 18%
Purchase price
$125,400
Rehab cost
$9,000
Closing costs
$700
All-In
$135,100
Property Value
$165,000
Yield After Purchase
Net Yield 8.7%
Monthly rent
$1550
Yearly insurance
-$650
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Salisbury Street was listed for sale at $160,000 at the beginning of December. It featured a modern kitchen and relatively new systems in a high-quality neighborhood. While the house and its surroundings appealed to us, the asking price did not. After monitoring and lengthy negotiations, it was purchased in early February for a client for $125,400. We immediately began various repairs, including replacing some old windows, installing a new water heater, a new sump pump in the basement, and plumbing and electrical repairs. A total of $8,000 was invested in renovations, and the house will be rented for $1,450.

Edgewood Ave, Maple Heights
Capital Gain
Gain on Purchase 23.5%
Purchase price
$105,000
Rehab cost
$0
Closing costs
$700
All-In
$105,700
Property Value
$138,000
Yield After Purchase
Net Yield 9.2%
Monthly rent
$1350
Yearly insurance
-$650
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Edgewood Street in Maple Heights was first listed for sale in October for $148,000. It was a highly renovated house with a new kitchen, modern flooring, and bathroom, intended for sale to a family. After some time, the asking price was reduced to $125,000, and we became interested in it for our investors. After lengthy negotiations, we purchased the house for $105,000, with $15,750 held in escrow for repairs, mainly replacing a large portion of the driveway as required by the city.

Maplewood Ave, Maple Heights
Capital Gain
Gain on Purchase 22%
Purchase price
$97,000
Rehab cost
$8,000
Closing costs
$700
All-In
$105,700
Property Value
$135,000
Yield After Purchase
Net Yield 9.2%
Monthly rent
$1350
Yearly insurance
-$650
Yearly taxes
-$2500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Maplewood Street in Maple Heights came to us through an agent who had represented sellers in several properties we purchased, leading to a relationship where she sends us homes before listing them. The house was in a good area and in good condition, with new heating, air conditioning, a new water heater, a brand new driveway, and refinished floors. Initially listed at $110,000, our client signed a contract to buy it for $105,000 before it hit the market. After an inspection, we reduced the price to $97,000. The repair investment is $8,000, including replacing the garage roof, roof repairs, painting, and more. The property will be rented for $1,350.

Walvern Blvd, Maple Heights
Capital Gain
Gain on Purchase 21%
Purchase price
$108,000
Rehab cost
$0
Closing costs
$700
All-In
$108,700
Property Value
$138,000
Yield After Purchase
Net Yield 8.1%
Monthly rent
$1300
Yearly insurance
-$650
Yearly taxes
-$3000
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Walvern Blvd in Maple Heights was listed for $125,000 and is located on one of the best streets in the neighborhood. The house was in good condition, with new windows, an electrical panel, and a kitchen. After monitoring and negotiations, our client signed a purchase agreement for $112,000. Following an inspection and further negotiations, the price was reduced to $108,000. The property was sold with a long-term tenant paying $1,300 per month. The seller agreed to complete all city-required repairs before the sale, so our client enjoyed rental income immediately without needing to invest in renovations.

Tokay Ave, Maple Heights
Capital Gain
Gain on Purchase 18%
Purchase price
$103,600
Rehab cost
$10,000
Closing costs
$700
All-In
$114,300
Property Value
$139,000
Yield After Purchase
Net Yield 9.2%
Monthly rent
$1350
Yearly insurance
-$650
Yearly taxes
-$1,700
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Tokay Ave in Maple Heights was listed for $105,000 and had two bedrooms. A quick visit showed the attic could be converted into a large room, with much prep work already done. The house, renovated by a young man who tragically passed, included new windows, siding, carpets, a driveway, and a new garage. We bought it for $105,100 with a fast closing, later reducing the price to $103,600 after inspection. With a $10,000 renovation, the property will rent for $1,350.

Beverly Ave, Maple Heights
Capital Gain
Gain on Purchase 22.5%
Purchase price
$83,000
Rehab cost
$24,000
Closing costs
$700
All-In
$107,700
Property Value
$139,000
Yield After Purchase
Net Yield 9.1%
Monthly rent
$1350
Yearly insurance
-$650
Yearly taxes
-$2,500
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Beverly Ave in Maple Heights was listed for $90,000 and was immediately identified as a great deal. Photos showed it in excellent condition with an extra bathroom in the attic, on a great street with a backyard facing a large park. Within 30 minutes of listing, our agent visited the property. Initially intended for our portfolio, recent clients requested to buy it, and we agreed. Despite multiple offers, our agent secured it at the asking price. After inspection, we reduced the price to $83,000 and began $24,000 in renovations. The house will rent for $1,350.

Brunswick Ave, Maple Heights
Capital Gain
Gain on Purchase 24%
Purchase price
$95,000
Rehab cost
$7,000
Closing costs
$700
All-In
$102,700
Property Value
$135,000
Yield After Purchase
Net Yield 7.7% at purchase. Expected Net Yield after rent raise – 9%
Monthly rent
$1165
Yearly insurance
-$650
Yearly taxes
-$2,600
Vacancy rate
-10%
PM fees
-10%

The Story Behind the Deal

The property on Brunswick Ave in a good area of Maple Heights was listed for $140,000 a year ago, gradually reduced to $114,000 two months ago, and we began negotiations. The house was nicely renovated, requiring only exterior painting. It had a good tenant paying a historical rent of $1,165, with market rent at $1,350 and a lease ending in six months. After lengthy negotiations, we contracted the house for $100,000, reduced to $95,000 after inspection and city requirements, about 24% below market value with a 7.7% yield. Upon lease expiration, rent will be significantly raised, or a new tenant will be brought in at market price, increasing the yield to over 9%.

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