The Rents Are $500 Too Low—That’s Why I Like This Duplex

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The Rents Are $500 Too Low—That’s Why I Like This Duplex

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

The Rents Are $500 Too Low—That’s Why I Like This Duplex

During the 2,988th episode of The MLS Search & Analysis Show, James Wise breaks down a duplex that just hit the market with two tenants already in place—but the existing rents are well below what James believes the units can generate. With current rents totaling roughly $1,450 per month versus an estimated $1,950 at market, James analyzes the opportunity to increase cash flow while avoiding a major renovation. He also breaks down the vinyl siding, brick porch construction, newer mechanicals, lead-certification considerations, financing, nearly $14,000 in projected annual NOI, and a potential return of approximately 32%. For investors looking to build affordable rental and Section 8 portfolios in markets like Cleveland, Detroit, Baltimore, Dayton, and Toledo, this episode shows why buying the right duplex with existing tenants and upside in the rents can be a powerful strategy. Access the full deal breakdown with a VIP PLUS Membership.

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