3905 E 189th St

3905 E 189th St

Available: 244 tokens at $46+

Print
Min Investment
$56
Location
Cleveland, OH
Projected Return
9.64%
Valuation
$131,911

Company Description

This occupied, cash flowing property is a recently renovated 3 bedroom 1 bathroom single family home located in a trending neighborhood of Cleveland.
The following renovations have been completed: New paint, new windows, new doors, new kitchen countertop and cabinets, refinished floors, new attic access, concrete fill, new electric service panel, kitchen exhaust fan, light fixtures, furnace and hot water tank, new plumbing, new garage roof and door, and new bathroom.
The tenant is on a 1 year lease starting on 8/31/2022 and is paying $1,025/month.

Updates:

Update 5/24/2022: This property has officially migrated over to the new Property Manager, B2B Realty, based on the results of the prior governance vote. Because B2B Realty charges an 8% Property Management fee instead of the previous 10% fee, the Annual Cash Flow of this property has increased from $7,260 to $7,500.
Update 8/29/2022: The tenant has signed a 12 month lease renewal at $1,025/month. This is a $25 increase (2.5%) over the previous lease of $1,000. The new lease will be effective on 8/31/2022, at which point you will see an increase in your CoC return.
Update 9/28/2022: The governance voting results are back for the vote on whether to renew landlord insurance with Actual Cash Value coverage or Replacement Cost coverage. The winning vote is: Replacement Cost Coverage. This decision was voted on by 541 out of 705 tokens which is equal to 76.7% of the total votes. This new insurance policy will go into effect on 9/31/2022, once the current insurance policy ends.
Amount Raised : $0
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Research Reports

No reports have been submitted

Become a Reporter

0 Comments