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Updated over 9 years ago on . Most recent reply
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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Occupied Duplex. Potential cash on cash return 37%
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Property is located in Cleveland, Ohio Zip code 44111.
CLICK HERE to see the Holton-Wise Property Group grade that this neighborhood got.
$49,900.00
Duplex
Each unit currently rented for $580
Total Rent. $1,160.00
Need financing? We have that covered for you. We have several lenders we can set you up with.
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
SALE PRICE | $49,900.00 |
| Down Payment | $12,475.00 |
| Upfront Repairs | $0.00 |
| Loan Amount | $37,425.00 |
| Out of Pocket $ | $12,475.00 |
| Monthly Rent | $1,160.00 |
| Annual Rent | $13,920.00 |
| Operating Expenses | $6,960.00 |
| Net Operating Income | $6,960.00 |
| Monthly Debt Service (4.5%, 30 Years) | -$189.63 |
| Annual Debt Service | -$2,275.52 |
| Cash on Cash | 37.6% |
| Net Cash Flow | $4,684.48 |
Assuming 4.5% interest, 30 year mortgage & a 25% down payment.
CASH ON CASH RETURN 37.6%
Contact @Robert Quinn @Federico Gutierrez @Account Closed to set up your free tour of the available real estate in the greater Cleveland, Ohio area
www.HoltonWisePropertyGroup.com
Passive cashflow. Have helped many Biggerpockets members invest in Cleveland Ohio Real Estate.
Can work with you in several ways.
-Rental Properties from the MLS-
-Turnkey Properties-
-Joint Ventures-
-Secured Debt Investments-24-84 month terms. We pay up to 12% APR-
DON'T LIKE THIS OFFER? WANT TO SEE OTHER DEALS? CLICK HERE FOR MORE INFO
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