West Park neighborhood CLEVELAND SFR | 140K ARV | FLIP OR RENTAL PLAY

Off-market single-family investment opportunity located in Cleveland, OH 44135. Based on the inspection, this property appears to be a strong value-add opportunity for either a controlled flip or a rental hold, provided the buyer keeps the rehab disciplined.

The inspection identified roof-related repairs, including damaged shingles, missing flashing, and a missing chimney cap. The crawlspace, parts of the plumbing, HVAC information, and several appliances had limited access during inspection. Cooling was noted as not present, while the electrical panel and branch wiring were reported with no issues.

Property Details:-

Type: Single Family

Condition: Investor-grade rehab needed

Exit Strategy: Flip or buy and hold

Roof: Asphalt shingles — repairs needed

Foundation: Slab

Electrical: Copper wiring / 100-amp GE panel

Sewer: Public

Cooling: Not present

Water Heater: Gas / older unit

Title Company: Clear to Close Title Services

Financials

Asking Price: 66.7k

Estimated Rehab: 55k

Estimated ARV: 140k

Purchase + Rehab Basis: 121.7k

Gross Potential Profit: 18.3k

Target Gross ROI: 15%

All-In Basis Before Closing/Selling Costs: 86.9% of ARV

Flip Strategy

Purchase Price: 66.7k

Rehab: 55k

ARV: 140k

Total Basis: 121.7k

Gross Profit: 18.3k

Gross ROI: 15%

Best flip strategy is to keep improvements investor-friendly and avoid over-renovating for the neighborhood. Prioritize roof/flashing repairs, mechanical verification, cleanup, paint, flooring, kitchen/bath refresh, and installing cooling if required for the resale market.

Buy & Hold Strategy

Estimated Rent Range: 1.3k–1.5k/month

Potential Gross Annual Rent: 15.6k–18k/year

Purchase + Rehab Basis: 121.7k

Gross Rent Yield: Approx. 12.8%–14.8%

For a hold strategy, the property may work well as a workforce or Section 8-style rental after completing essential repairs and bringing the home to clean rent-ready condition.

Recommended Hold Approach

Address roof and flashing first

Verify plumbing due to limited crawlspace access

Confirm HVAC/furnace condition

Add or verify cooling

Replace aging water heater if needed

Complete paint and flooring

Refresh kitchen and bathroom

Clean up yard and exterior

Stabilize tenant

Hold for cash flow or refinance after repairs

Investment Strategy Summary

Flip: Target approximately 18.3k gross profit / 15% gross ROI

Buy & Hold: Target approximately 1.3k–1.5k monthly rent

Gross Rental Yield: Approx. 12.8%–14.8%

Best Fit: Investor who can control rehab costs and execute a clean, functional renovation without over-improving the property

Next Steps

Contact us if you need more information

Schedule a property walkthrough, if applicable

Make an offer directly on this page

Sign an assignment agreement or direct agreement

Send EMD within 3 hours of signing the agreement

Lock up the deal

Make money and repeat

Title company: Clear to Close Title Services

For questions or to make a deal happen, call me:

George — (954) 282-1367

Disclaimers

IMPORTANT: This listing represents an assignment of a purchase contract or a direct contract as a double close, if applicable—not a direct property sale. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but is not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationship is implied or established through this marketing material.

Buyer must verify ARV, rehab, rent estimate, taxes, insurance, HVAC, plumbing, roof condition, title, occupancy, closing costs, financing costs, and all due diligence prior to closing.

Time-sensitive opportunity—this contract is being offered to multiple investors.