$109K Cleveland Duplex, $1,950 Rent, 32% ROI

$109K Cleveland Duplex, $1,950 Rent, 32% ROI

Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes

$109K Cleveland Duplex, $1,950 Rent, 32% ROI

During the 2,986th episode of The MLS Search & Analysis Show, James Wise breaks down a Cleveland duplex listed for $109,000 that could potentially generate approximately $1,950 per month in total rent. The property already has two tenants in place, but both units are currently renting below James' estimated market rent of roughly $975 per unit. James explains why the property's vinyl siding, brick porch columns, updated hot water tanks, and limited exterior wood could be especially valuable when dealing with Cleveland's ongoing lead-certification requirements. He also analyzes the neighborhood's potential upside, cash versus Section 8 strategies, projected NOI of nearly $14,000 per year, financing, and a projected return of approximately 32%. Access the full deal breakdown with a VIP PLUS Membership.

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