Listed by Joseph Clark of VSD Realty,LLC. (216-406-1772,victor@vsdrealty.com)
Turnkey Investment Opportunity - ~11% Cash-on-Cash Return This well-maintained 3-bedroom, 1-bath single-family ranch offers strong cash flow from day one with minimal owner involvement. The home was refreshed just over a year ago prior to tenant placement and has been consistently maintained since. The property is currently occupied by an EDEN-subsidized tenant generating $1,368 in monthly rent, providing reliable and predictable income. Monthly operating expenses total approximately $380, consisting of property management ($82), property taxes ($101), insurance ($60), vacancy reserve ($68), and maintenance reserve ($68). This results in a monthly net operating income of approximately $988, supporting an estimated ~11% cash-on-cash return at the current asking price. The home features vinyl siding, newer windows, and a newer roof, helping keep capital expenditures low and long-term ownership simple. Centrally located in Cleveland with quick access to major highways, the property is approximately 20 minutes from downtown and close to shopping, dining, and everyday amenities-supporting long-term tenant demand and stability. A true turnkey investment with documented cash flow, subsidized income, and attractive returns. Some photos may be virtually staged.

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Based on information submitted to MLS Now as of May 15, 2026 1:16 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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