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Updated about 2 years ago on . Most recent reply

Realistic CoC ROI in Cleveland
Hi Everyone,
I am wondering what would be a realistic cash-on-cash return for a SFH in a B-class and above area in Cleveland If paying all cash.
Thanks in advance.
Most Popular Reply

Mohamed, the answer depends on a number of factors including your definition of B-class, location, condition of the property. In general you are probably going to be looking at around a 5%-6% return at best on a single family in a good area. The challenge is that you'll be competing against owner occupant buyers who are still willing to bid up a house if its in good shape. You may want to consider C grade houses with government subsidized tenants - there's a huge demand here, 10% returns are realistic and you could buy 2 houses rather than just one A/B class house with the same amount of cash.