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Cleveland AirBnb
Investment Property For Sale!
- 5701 Sandy Hook Dr, Parma OH 44134 USA
- $259,900 Purchase - $300 ADR / 70% Occupancy
- 15% Cash on Cash ROI
Jump on this unique opportunity to acquire a spacious 2,028 square foot, 3 beds 2 bath single family home on a large 0.28 acre lot in the Southern suburbs of Cleveland. This property is being sold and managed as an Airbnb rental with a cool retro 1960s vibe. Guests will be transported back to the past with classic 1960s décor and amenities. Take time out from our hyper-connected world by enjoying one of the dozens of board games provided, or enjoy a barbeque on the patio in the spacious backyard!
Cash Flow Analysis
INCOME | |
Gross Rent | $ 76,650.00 |
EXPENSES | |
Taxes | $ 3,384.00 |
Property Management | $ 15,330.00 |
Insurance | $ 1,200.00 |
Utilities | $ 6,000.00 |
Maintenance | $ 3,832.50 |
Capital Expenditures | $ 3,832.50 |
Lodging Tax | $ 3,832.50 |
ANNUAL CASH FLOW: | $ 39,238.50 |
Location
Easy 15 minute drive on the Interstate to Cleveland Hopkins International Airport; Downtown Cleveland within 10 minute drive; 5 minute drive to plentiful shopping and dining areas
Comparable Sales
6000 Sequoia Dr, Parma OH 44134 | $255,000 (11/09/2021) |
6020 Sequoia Dr, Parma OH 44134 | $260,000 (6/23/2021) |
5041 Sandy Hook Dr, Parma OH 44134 | $253,000 (11/22/2021) |
6020 Kelley Ln, Parma OH 44134 | $268,000 (4/2/2021) |
0.28 Acre lot!
To reserve this property, please contact your Paragon Principal Capital representative, or send an email to info@paragonprincipal.com. A $5,000 non-refundable deposit is due upon signing of the purchase and sale agreement. Estimated closing costs above the purchase price are $1,500 but may vary depending on the circumstances. The financial analysis in this teaser assumes a cash purchase.
*15% Annual ROI assumes annual appreciation of 3%, annual rent increase of 2%, and annual expenses increase of 2%