5505 Herman Ave Cleveland OH 44102

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Save an estimated 70 hours and $4,296 vs. investing on your own.

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5505 Herman Ave

Cleveland OH 44102

1 YYear 1

5 YYear 5

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30 YYear 30

Home Price

$515,000

$154,500 down payment (30%)

Year 1 ROI info icon

33%

$53,804

1 YYear 1

5 YYear 5

10 YYear 10

20 YYear 20

30 YYear 30

Year 1 Investor Highlights

Cash on Cash

5.74%

Cap Rate

6.87%

YoY Appreciation

Cash Flow/mo.

$788

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Reserve this home now.

Compare to DIY

Save an estimated 70 hours and $4,296 vs. investing on your own.

Details

Financials

Neighborhood

Property Management

3 Bedrooms

2.5 Bathrooms

1546 Sqft

Built in 2019

Why invest?

Cumulative returns for this investment are projected to be return 197.61% ROI after 5 years.

This modern 3-bedroom, 2.5-bath townhouse offers spacious four-level living, a private two-car garage, and an oversized rooftop deck with sweeping views. Built in 2021 and still under an active 11-year tax abatement (saving the next owner over a significant amount in property taxes), this asset boasts strong returns and excellent long-term appreciation potential.

🔹 Tax Abatement: ~$900 annual taxes through 2036

🔹 HOA: Covers snow removal and landscaping for hands-off ownership

🔹 Location:

10-min walk to Edgewater Beach
5-min drive to Downtown, Ohio City & Tremont
15–20 mins to Cleveland Clinic via the Shoreway (2 mins away)

🔧 New Roof & Post-Close Occupancy Option

The property has a new roof with a 10 year workmanship warranty and a 30 year manufacturers warranty. Depending on closing timing, seller (and co-occupant) may lease back the unit for 1–2 months, generating immediate rental income for the buyer.

All Doorvest homes go through a strict proprietary underwriting process conducted by our Acquisitions Team with decades of experience enhanced by the power of technology and data.

Learn more about our process here.

Investment Opportunity

Estimated Monthly Rent

$3,500/month

Market Range: $3,350 - $3,500

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