3578 E. 113th

2 4 Cleveland United States 2009-02-03T10:34:52-05:00 true Duplex For Sale/Instant Cashflow w/property mgmt. and equity HERE ARE THE NUMBERS: : Purchase Price: $50K Rent both units: $600/$600 = $1,200/Monthly Gross Annual Income: $14,400 Gross annual return: $14,400/$50,000 = 28% Water/Sewer: $200/monthly Taxes/Insurance: $250/monthly Property Management: $120/monthly Total monthly expenses: $570 Monthly net operating income: $1,200 - $570 = $630 Annual net operating income: $630 x 12 = $7,560 Cap Rate: $7,560/$50,000 = 15% Appraised value: $85K Equity Value: $35K Expenses are overestimated, so return may actually be higher. However at these numbers, this is a steal. I don't think it will last long so please, get this one while it's available! Email Alex: alexpriceonline@gmail.com 2009-03-20T11:34:52-04:00 false 30 true 1392 50000 0 Duplex 28% Cap Rate 5 true 1392-duplex-28-cap-rate 10234 Ohio active 1 1950 owner 453 44105