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Updated 10 days ago, 12/10/2024

User Stats

6
Posts
5
Votes
Jinglei Shen
Pro Member
  • Investor
  • New jersey
5
Votes |
6
Posts

duplex, ohio, cash flow deal analysis

Jinglei Shen
Pro Member
  • Investor
  • New jersey
Posted

I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 

here is one deal I am analyzing

Duplex generates $1590 income /month together,

purchase price $123,000

rate 7.5%, downpayment 25%

5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,

COC is 8.73%

monthly net cash $277

this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?

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