[Calc Review] West Cleveland Duplex

[Albert L.]

Goals: 

-stable cash flow, not as concerned about appreciation (check, assuming description is correct in saying they've had stable tenants. rental price should increase in the next couple years so i have some assurance there)

-looking for min $100/unit (check)

-C+ neighborhood (check, borders some B/A neighborhoods in upper Ohio City so hoping some absorption goes that way)

Other things: 

-20% CoC return (almost check - Changing purchase price to $53,000 and have tenants also pay water/sewage would bump this deal right up to my criteria of 20% CoC.)

-This deal seems worth investigating more into.. though there's no actual pictures and only a description. It's also been listed for just over 30 days which is also suspect. 

-Close to public transportation, schools and water..

What am I missing here?

View report

*This link comes directly from our calculators, based on information input by the member who posted.

[Griffin Thomas]

It looks like the listing mentioned forced air. Are there two furnaces? If not, would you plan on billing it back to the tenants?

I'm working on my first duplex and the biggest thing I am facing is dealing with expenses ( snow, lawn, trash, water/sewer, and there's only one furnace so currently I'm covering heat)

Only a mile from the water though!