All Forum Posts by: Mohamed Gharib

Thanks, Jack, for sharing your valuable insights. It's surprising to learn that the cash-on-cash return could be as low as 3% even though Cleveland is considered a cashflow market. To clarify, if I purchase a property for $130k and rent it out for $1300/month, following the 1% rule, would the estimated expense allocation be $910? Since taking out a loan is not feasible for me due to religious constraints, I am interested in hearing your suggestions on other strategies to improve my cash flow.

Don, I appreciate you taking the time to share your thoughts. As a first-time renter who doesn't reside in Cleveland (although I plan to hire a property manager), I am hoping to find a hassle-free rental experience. Consequently, I am searching for safe and attractive neighborhoods with good schools such as Shaker Heights, University Heights, some areas of Cleveland Heights, and South Euclid. My budget is $130,000, and I'm looking for a property in good condition or one that requires minor renovations. Considering my preferences, do you think a 5-6% return on investment is still feasible? Additionally, since I intend to pay in cash, do you anticipate any significant competition for the properties?

Hi Everyone,

I am wondering what would be a realistic cash-on-cash return for a SFH in a B-class and above area in Cleveland If paying all cash.

Thanks in advance.