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Updated over 8 years ago on . Most recent reply

User Stats

1,750
Posts
880
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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
880
Votes |
1,750
Posts

Cleveland Turnkey Duplex, 35% ROI, will move fast!

Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Posted
Turnkey Duplex in “C+”
West Park area of Cleveland.

Great cashflow investment property. Owner has recently put many thousands into renovations. This is centrally located at West Park neighborhood of Cleveland. Waterproofed basement, vinyl windows, updated electrical and more!

Need a Lender? I have many to set you up with that love investors!


Need a Property Manager? No problem! We have you covered with a national name you can trust, Keller Williams!

I’ve been investing in real estate for almost 17 years and have helped many investors (in-state and out-of-state) invest in the Cleveland marketplace.

My investor list received this opportunity early this morning! Get on my list to make sure you get the hottest deals before anyone else!

Click here to be added to my mailing list


Financials:

Purchase price: $61,900
Down Pmt: $9,285 (assuming 15% down)

Rent: $1300
Vacancy: $104
Maintenance: $60
Management: $120
Cap Ex: $120
Taxes: $135

Insurance: $100

Utilities: $80

NOI: $582/month $6,981/year
Debt Service: $274/month
Cashflow: $307/month or $3,687/year

ROI: $3,687/10,523 = 35.0%

Paying all cash? This deal is 11.1% return in the first year!


Click here to schedule a time convenient with you to talk about this or other great deals!

If you've been looking in Akron, Memphis, Nashville, Denver, Indianapolis, Dayton, Toledo, Pittsburgh, St. Louis, Kansas City, Atlanta, Charlotte, or other cities for Turnkey opportunities, you're missing out if you aren't looking at Cleveland!

Turkey rentals without the turnkey price! One stop shopping!

I've helped many Bigger Pockets investors grow their portfolios in Cleveland and I want to do the same for you!

Click here to be added to my mailing list

Offering

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