3443 E 116th St.
1,081 Sqft - 3443 East 116th St., Cleveland, Ohio 44120
This is a 3 bedroom, 1 bath, 2 car garage, 1,081 Sq. Ft. Colonial. The Total Price = $19,750. You will receive $6,000 from the City of Cleveland as secondary financing which will reduce your upfront out of pocket cost. The $6,000 is due to the City of Cleveland upon transfer to the buyer’s name and is paid back at $63.64 in 120 monthly installments (this includes a 5% interest rate). This property also includes $5,000 deferred loan from the State of Ohio that is forgiven if the buyer owner occupies the property for 5 years. The Buyer’s upfront out of pocket cost will equal $8,750.