This Cleveland Duplex Is Under-Rented by $575 a Month

During the 2,977th episode of The MLS Search & Analysis Show, James Wise breaks down a Cleveland duplex currently collecting just $1,500 per month in rent—roughly $575 below its projected market potential. With an estimated purchase price around $93,000, this property could eventually produce approximately $2,075 per month and a projected 40% cash-on-cash return, but the strategy isn't as simple as immediately jacking up the rents. James explains why keeping reliable existing tenants, gradually increasing rents, avoiding expensive turnovers, getting the property lead certified, and potentially transitioning future vacancies to Section 8 could be the keys to making these numbers work. Access the full deal breakdown with a VIP PLUS Membership.