Cleveland Invesment property

[Bob Galivan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $40,000

Single family invesment property, Cleveland, Ohio. Turnkey property, 3/1.5 with an unfinished basement. Purchased for cash with tenant in place. Gross rent is $843 mo, expense load is about 43.5%, so return is around 11% annual.

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

Good return on investment. Initial analysis pegged it at around 12.5%, reality is close to 11% which is find and dandy.

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

relationship with investor

How did you finance this deal?

cash

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

I am a realtor