12 Unit mixed use building. Potential Cash on Cash return of 7.9% using a 15 year ammortization. Property Management by The Holton Wise Property Group available. Cleveland OH.

[James Wise]

Location: Cleveland, Ohio. 44135.

CLICK HERE to see the neighborhood grade that The Holton-Wise Property Group has given this part of Cleveland, Ohio.

ASKING PRICE: $249,000.00

12 Unit mixed use.

8 Apartments.

4 Store fronts.

11 of the 12 units are occupied.

Assuming 5% interest, 15 year mortgage & a 25% down payment.

• Down payment $62,250.00
• Estimated Yearly Rents $61,800.00
• Estimated Yearly Expenses $39,156.00
• Yearly Debt service $17,721.72
• Net cash flow after expenses & debt service $4,922.28

CASH ON CASH RETURN 7.9%

NEED FINANCING FOR THIS DEAL? WE CAN HELP WITH THAT. WE HAVE LENDERS THAT WE CAN SET YOU UP WITH.

Currently we have a good relationship with some lenders who are doing 15 year fully amortized. Perhaps there are others who can bump that out to 20year and up the cash on cash.

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Contact me or @Jason Horton for more details on this nice suburban property.

DON'T LIKE THIS OFFERING BUT ARE INTERESTED IN OTHER CLEVELAND RENTAL PROPERTIES?

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WE HAVE A TEAM OF AGENTS READY TO BUILD YOU A RENTAL PORTFOLIO IN CLEVELAND, OHIO.

Contact me to set up your free tour of the available real estate in the greater Cleveland, Ohio area

Passive cashflow. Have helped many Biggerpockets members invest in Cleveland Ohio Real Estate.

Can work with you in several ways.

-Rental Properties from the MLS-

-Turnkey Properties-

-Joint Ventures-

-Secured Debt Investments-24-84 month terms. We pay up to 12% APR-

THE HOLTON-WISE PROPERTY GROUP. A BROKERAGE BUILT FOR INVESTORS, BY INVESTORS.