Cash flow in Cleveland Ohio

[Maria Astudillo]

I am thinking of Investing in Cleveland Ohio. What is the the cash flow in a two family house @ 50k ? Paying all cash.

What is the usual rent. I had raid many places the rent and they all show different amounts.

Anyone familiar with the area please let me know.

Thank you

[Chris B.]

I think you will need to be much more specific. Too many factors at play here. Size, condition, rooms, location, nearby factors that affect price. If you provide a sample property address, those who know the market may be able to provide guidance. Price of the house has minimal correlation to rental income. Some people get great deals and others overpay. Some purchases return excellent ROI and others do not.

[Uri Gofman]

a 2 family for $50k in Cleveland assuming that it doesn't need full rehab, will probably be in a pretty depressed area.  if you have two 2 bedroom units, you should be able to gross between $500 and $650 per unit.