Cleveland SFR Rental #2

[Robert Matelski]

Investment Info:

Single-family residence buy & hold investment in Cleveland.

Purchase price: $29,500
Cash invested: $29,500

Cute little SFR in the North Collinwood area, 2 blocks from Euclid border. Long term tenant paying below market rent.

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

Huge upside. Less than half of previous peak value.

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Minor repairs to house, and brought suitable property management to the table.

What was the outcome?

Ongoing cash flow

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mike Balamenti