Anyone familiar with the Cleveland market?

[Ryan Cleary]

https://www.biggerpockets.com/...   (Link to calculator)

I just placed an offer for this property in Cleveland and I just want to make sure I am taking into account proper reserves as this is my first endeavor into the cleveland market

About the property:

-Built 1924

-Duplex weith existing tenants paying $800 each

-turnkey

Taking into account 10% repairs, 8% vacancy, 7% cap ex, 10% management

[Gardy Saturne]

@Ryan Cleary I haven't purchased a turnkey property. But from the previous duplex deals I've seen it's usually rented out 650-750 in Cleveland. I'm sure you will confirm with the rent roll. Cleveland is divided into West and East. Even though it's all low income, the west side of Cleveland is more desirable. There's a lot more development happening on that side of time. East Cleveland has certain pocket zip codes I would stay in. For example. 44108 is good part of town. Anything going towards more Euclid area is more suburban area. If you are interested you can PM the address you are looking into. I could give a better opinion on your purchase price.