3 bedroom, single family cash cow, 25% COC, motivated seller

[Matt Motil]

Same owner for 52 years, solid, investment potential in the desirable and historic " Old Brooklyn" neighborhood of Cleveland. Right in the center of the Holton-Wise Property Management area. 3 year old furnance, new water tank, windows, Central air. Updates needed (imagine your grandparents house - new carpet, paint, etc.) but very mechanically sound. $5,000 goes a loooooong way to making this rent ready in a short time. 

MOTIVATED SELLER! 

See the Grade that Holton-Wise gave this neighborhood in the Ultimate Guide to Grading Cleveland Neighborhoods

Assuming 25% down, 5% interest, 25 year amortization

SALE PRICE	$44,900.00
Down Payment	$11,225.00
Upfront Repairs	$5,000.00 - all cosmetic, nothing major
Loan Amount	$33,675.00
Monthly Rent	$950.00
Annual NOI CASH ON CASH	$6,404 24.7%!

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YEAR 1 CASH ON CASH AFTER DEBT SERVICE 24.7%

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& we will discuss how I can build you a completely passive rental portfolio.

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-

Contact me to schedule a tour of the Cleveland area and available property!

*Featured properties may not be listed by the office/agent presenting this brochure*