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Updated 10 days ago, 12/10/2024
duplex, ohio, cash flow deal analysis
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?