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Updated over 9 years ago on . Most recent reply

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2,081
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Federico Gutierrez
  • Realtor
  • Cleveland, OH
857
Votes |
2,081
Posts

Just Listed. Brick Duplex, Immaculate condition Avail Holton Wise

Federico Gutierrez
  • Realtor
  • Cleveland, OH
Posted

Immaculate, well kept BRICK duplex. Large front and back yard. Long term tenants one has been in the upstairs for 10yrs, other two years. Rents are under market value

Property is located in a Brooklyn, Ohio Zip code 44144. 

CLICK HERE to see the Holton-Wise Property Group grade that this neighborhood got.

$79,990.00

Estimated Monthly Rent. $1200.00 (Could be $1,400/month) 

Need financing? We have that covered for you. We have several lenders we can set you up with.

Assuming 4.5% interest, 30 year mortgage & a 25% down payment.

  • Down payment $ 19,997.50
  • Up Front costs $3,000.00
  • Estimated Yearly Rents $14,400.00
  • Estimated Yearly Expenses $7,200.00
  • Yearly Debt service $3,647.68
  • Net cash flow after expenses & debt service $3,552.32

CASH ON CASH RETURN 15.4% BUT COULD BE 20% with rent increase

Contact @Federico Gutierrez to set up your free tour of the available real estate in the greater Cleveland, Ohio area. Don't sleep on this one, it will be sold quickly.

www.HoltonWisePropertyGroup.com

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-

DON'T LIKE THIS OFFER? WANT TO SEE OTHER DEALS? CLICK HERE FOR MORE INFO

Click here to listen to James Wise's guest appearance on the Bigger Pockets Podcast.

Click here to listen to James Wise on the best real estate investing advice ever show

*Featured properties may not be listed by the office/agent presenting this brochure*

Offering

Most Popular Reply

User Stats

2,081
Posts
857
Votes
Federico Gutierrez
  • Realtor
  • Cleveland, OH
857
Votes |
2,081
Posts
Federico Gutierrez
  • Realtor
  • Cleveland, OH
Replied

HD video of this property can be seen here:

https://youtu.be/8DTZugq7_QA

There was a hidden gem on this duplex. In the finished basement you have a 1bed/1bath which could be another $400-425/month on top of the current $1200!

Cash on Cash on this is now easily over 22%

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