Cleveland SFR Rental #1

[Robert Matelski]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $27,000
Cash invested: $30,000

SFR purchased as short sale, required minor cosmetic updates before renting.

What made you interested in investing in this type of deal?

Properties available for well under their previous peak values, in an area with strong rental demand.

How did you find this deal and how did you negotiate it?

MLS listing

How did you finance this deal?

Cash deal

How did you add value to the deal?

Minor cosmetic work, and bringing suitable property management to the table

What was the outcome?

Ongoing monthly cash flow while property appreciates (values heading back toward previous, pre-crash levels)

[Robert Matelski]

This one is currently at 800 mtm, w/ tenant paying all utilities.